As the world goes digital, the Middle East is taking major strides in being among the technology pacesetters. Today, modern tech is being used by Middle Eastern companies to boost the region’s image and improve the lifestyle of residents.
Arab countries are now developing innovative ways of conducting business as they invest in more modern technology. In light of this, we have compiled a list of the top recent technological trends in the countries in the Arab world.
Cloud computing has numerous potentials in the Middle East. Some of the possibilities include a young, tech-savvy populace, a diversified economy, and a thriving startup industry.
Multiple industries are adopting Amazon Web Services (AWS) cloud services. For instance, the banking, media, hospitality, retail, entertainment, and public sectors. Customers are hastening their migration to the cloud. Therefore, the demand for AWS services is high.
Improved Online Gaming
Saudi Arabia is the most popular place in the Arab world to play video games. With investments totaling $37.8 billion, Savvy Games Group revealed plans to turn the country into a worldwide esports hub by 2030.
UAE countries are becoming a force to reckon with in the gaming industry. In 2021, Mubadala and Abu Dhabi Gaming signed an agreement to develop Abu Dhabi’s esports sector. As gaming booms in the UAE, table games like roulette and blackjack are also becoming popular because of VPNs and crypto.
Comparison sites provide in-depth reviews and information on available payment methods to aid Arabic players in locating online casinos in the United Arab Emirates. In addition, players from the Middle East can take advantage of the platform’s generous welcome bonuses and legal playing guides.
Likewise, there are also multiplayer arenas for VR games. All of these point to the increased investment in the gaming sector.
Digital / Contactless Payment
Digital payment services are poised for explosive expansion this year and beyond, thanks to the proliferation of online commerce. The region’s penchant for cash transactions creates an opening for fintech companies.
As a result of the region’s heavy reliance on mobile phones, the basic infrastructure for the expansion of digital payment methods already exists. It includes credit/debit cards, e-wallets, and even cryptocurrency transactions. It consistently innovates at a faster rate than the rest of the world to maintain its lead in the cryptocurrency industry.
In addition, several nations have established regulatory agencies specifically to track and advance the development of virtual assets.
Big data in healthcare is projected to grow from $11.5 billion in 2016 to approximately $70 billion by 2025. The exponential growth in health data analysis presents a once-in-a-generation chance to use innovative technology capabilities like AI in healthcare.
Care for patients could be vastly enhanced with the intelligent application of health data. A team of European medical researchers and developers have created a mobile app that uses artificial intelligence and machine learning to aid in the treatment of chronic wounds.
Cyber AI has the potential to be a game-changer for companies that are experiencing security breaches. It allows security teams to do more than just react quickly to cyber threats; they can now also foresee and preempt these threats.
With the help of Secure Cloud Enablement and Security Access Service Edge (SASE), businesses of all sizes and in all sectors of the economy can more easily adopt cloud computing.
Augmented / Virtual Reality
As shown in a survey by PwC Middle East, virtual reality and augmented reality will add $4.1 billion to the GDP of the UAE by 2030. The use of MR, VR, and AR is spreading rapidly throughout the location.
An augmented reality interface can be used to feed information like repair diagrams to engineers and specialists in real time. It helps them spot issues right away so they can get to work fixing them.
When it comes to bandwidth and efficiency, edge computing is invaluable. In order to achieve this goal, data is processed in proximity to its creators. It’s an alternative to storing and processing information in remote data centers or the cloud.
This will hasten the spread of edge computing in the Middle East, where businesses are increasingly interested in increasing efficiency.