UAE Fibre Optics Market Revenue is projected to grow at a CAGR of 7.6% during 2024E-2030

Telecom sector by End-User held the highest revenue share of UAE Fibre Optics Market -6Wresearch

The Telecom Sector's dominance in the UAE Fibre Optics market was underpinned by the rapid growth of 5G adoption, which surged from 11.4% of total mobile subscriptions in 2021 to 26.9% in 2023, with expectations to reach 82.5% by 2027. This significant expansion was fueled by strategic partnerships and collaborations aimed at advancing the telecommunications industry in the country. Notably, the partnership between Etisalat by e& and Cisco developed advanced connectivity solutions and services for UAE businesses, which was noteworthy. Additionally, Ericsson and Du forged a strategic alliance to accelerate the digital transformation of government and enterprise sectors in the UAE through private 5G networks. These collaborations underscored the sector's commitment to innovation and technological advancement, driving the continued growth and evolution of the UAE's Fibre Optics market.

According to 6Wresearch, UAE Fibre Optics Market Revenue is projected to grow at a CAGR of 7.6% during 2024E-2030. The Fibre optics market in the UAE has experienced substantial growth, driven by the expansion and establishment of key data centers such as Gulf Data Hub, Khazna Data Centers, Moro Hub, and Equinix, among others. This growth has propelled the market to reach a value of USD 1.5 billion in 2023. These data centers play a vital role in meeting the increasing demand for high-speed, reliable, and secure data transmission across diverse industries including telecommunications, cloud computing, finance, healthcare, and e-commerce. The UAE's strategic investments in digital infrastructure, combined with the adoption of advanced technologies like 5G, IoT, and AI, continue to fuel the expansion of the Fibre optics market, positioning it for further growth in the coming years.

Furthermore, the UAE plays a crucial role as a hub for reexporting Information and Communication Technology (ICT) goods, with more than 50% of these goods passing through its borders en route to other markets. In 2019, the government allocated USD 9.9 billion in funding to the ICT sector, underscoring a strategic commitment to technological advancement.

According to Parth, Senior Research Analyst, 6Wresearch, the market was previously led by the telecom sector and there is a strong possibility that the same sector will dominate the market in the near future owing to the expansion in demand for fibre optics.

UAE Fibre Optics Market (2024-2030) report provides an in-depth analysis with 16 figures and 14 tables, covered in 71 pages. The report thoroughly covers market by end-user. UAE Fibre Optics Market outlook report provides an unbiased and detailed analysis of the on-going UAE Fibre Optics Market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.