Morocco ICT Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR (2024 - 2029) | 6.21 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Morocco ICT Market Analysis
The Morocco ICT Market is expected to register a CAGR of 6.21% during the forecast period.
- Digital technologies are transforming all sectors of the Moroccan economy, driven by increasing digital capabilities and universal connectivity. Building robust digital infrastructures is crucial for countries to advance their digital value chains.
- Morocco is also prioritizing the enhancement of its cybersecurity measures. This focus has intensified due to the escalating volume of sensitive data being handled by organizations, governments, and individuals, necessitating secure transmission and storage protocols. In 2023, Trend Micro Incorporated, a global cybersecurity company, announced that it detected and blocked 52 million threats targeting Morocco.
- Cloud-based communication tools, encompassing video conferencing platforms, messaging apps, and collaboration software, are reshaping communication for businesses and individuals. They provide the agility, scalability, and cost-efficiency crucial in modern work settings. This rising preference for cloud-based communication is propelling growth in both the cloud computing and software-as-a-service (SaaS) sectors of the ICT market in Morocco.
- The Moroccan government is nearing completion of its digital transformation strategy, "Maroc Digital 2030." This initiative targets the creation of 300,000 jobs in the digital sector by 2030, with the potential to boost the national GDP by up to MAD 170 billion (USD 16.9 billion). In addition, the strategy includes provisions to expand Internet and telephone services, especially in rural regions. The emphasis lies on deploying fiber optics and transitioning to 5G technology in the medium term.
- The National Telecommunications Regulatory Agency (ANRT) of Morocco planned to hold its 5G spectrum auction by late 2023 or early 2024. Telecom operators are already preparing by securing equipment contracts and gearing up for the impending auction. Moreover, a number of global technology firms are eyeing opportunities in Morocco's burgeoning 5G sector.
Morocco ICT Market Trends
Rising Digital Transformation across Industries is Driving the Market
- Businesses in various sectors are increasingly adopting digital transformation to remain agile in the evolving landscape, driving the demand for ICT solutions. These solutions, which include automation, data analytics, and e-commerce, are becoming essential. The emphasis on telehealth has led to a rise in virtual consultations, remote patient monitoring, and e-health services, creating opportunities for health-tech startups to develop innovative solutions.
- Morocco is witnessing a rise in urbanization, demanding various services such as e-commerce and online banking, among others. Amid increasing urbanization, the country is enhancing its adoption of digital technologies, advancing smart city projects, and implementing government initiatives to improve digital access.
- According to the High Commission for Planning, the number of urban households in Morocco has increased over the years; in 2020, it was 5,811 thousand, which grew to 6,339 thousand in 2023. Such an increase in urban households is creating more demand for robust ICT infrastructure.
- Owing to the country's rapid developments, global companies have an opportunity to expand their services in Morocco. In February 2024, US companies were invited to participate in a public business briefing organized by the US Trade and Development Agency (USTDA) in Austin. The event aims to shed light on Morocco's procurement priorities, highlight forthcoming commercial prospects, and facilitate direct interactions. Delegates can engage in one-on-one sessions with US companies, offering them a platform to showcase their e-government solutions.
- Global players are expanding their services in Morocco to offer advanced capabilities in order to provide robust cloud services. For instance, in April 2024, Inetum announced a strategic partnership with SAP in Morocco, utilizing its global expertise in SAP S/4HANA Public Cloud to deliver quick, efficient, and secure implementations. This collaboration aims to enhance Inetum's SAP offerings in Morocco by leveraging its worldwide capabilities.
IT and Telecom Sector is Expected to Increase the Market Demand
- Trends such as 5G, augmented reality, Blockchain, and artificial intelligence are expected to transform IT service offerings. As 5G technology approaches, businesses are preparing to establish on-site networks. This digital revolution enables the creation of new networks using local frequencies or the upgrade of existing networks to LTE. This trend requires the development of real-time IT hubs to support the automation and autonomy of complex systems.
- The government is actively involved in providing enhanced connectivity services for its citizens. Morocco announced a new program to bring internet access to 1,800 rural areas in May 2024, marking a significant step in its National Plan for the Development of High and Very High-Speed Broadband. This program aligns with Morocco's soon-to-be-launched National Digital Development Strategy 2030. The strategy also includes the introduction of 5G technology, which is expected to play a key role in the country's modernization.
- Major technology players are expanding their offerings in Morocco to reach and gain a wider customer base and provide smooth communication capabilities. In October 2023, Huawei OptiX Club launched its Mini Fiber To The Office (FTTO) solution in Casablanca. This innovative solution is tailored to cater to the networking needs of small and micro campuses, promising high-quality campus networks. Leveraging fiber as its communication backbone, the FTTO solution stands out for its streamlined deployment, simplified operation and maintenance (O&M), and enhanced user experience.
- According to GSMA, Morocco's median upload speed increased significantly, rising over 22 times to 19.09 Mbps in Q3 2023. The country has 730,000 FTTH/B connections, highlighting a growing demand for advanced IT and telecom services to provide enhanced connectivity solutions to customers.
Morocco ICT Industry Overview
Morocco's ICT market is moderately competitive and moving toward a fragmented stage as the market currently consists of various significant players. Several key players in the market are constantly making efforts to bring advancements.
- June 2024: Amazon Web Services (AWS), a cloud computing services provider, announced its expansion into Morocco and Senegal. The AWS Wavelength platform will be launched in collaboration with Orange, a telecommunications provider. This move allows businesses of all sizes and industries in these countries to leverage local AWS computing and storage solutions, ensuring compliance with data residency laws, reducing latency, and enhancing application security.
- May 2024: Oracle plans to enhance its research and development (R&D) operations in Morocco by expanding its local workforce to 1,000 IT professionals. This investment aims to accelerate the development of Oracle’s advanced technologies, addressing customer challenges globally.
Morocco ICT Market Leaders
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IBM Corporation
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Microsoft Corporation
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Oracle Corporation
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Amazon Web Services (AWS)
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Salesforce, Inc.
*Disclaimer: Major Players sorted in no particular order
Morocco ICT Market News
- January 2024: Inwi, a telecommunication operator headquartered in Morocco, partnered with the Medusa submarine cable system. This collaboration is set to bolster Inwi's trans-Mediterranean connectivity. The Medusa cable, spanning from Nador in Morocco to Marseille in Southern Europe, is strategically positioned to cater to the escalating demands in fixed and internet traffic. It is designed to offer Inwi's clientele – both individual and corporate – a robust and varied network, ensuring heightened security and reliability.
- July 2023: HCL Technologies, an IT services company, inaugurated its Global Delivery Center (GDC) in Rabat, Morocco. The center is strategically positioned to spearhead transformational projects for clients, focusing on HCLTech's key portfolio themes: digital, engineering, cloud, AI, and software.
Morocco ICT Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Rising Digital Transformation Across the Industries
5.1.2 Rapid Development of 5G Network Across the Nation
5.2 Market Restraints
5.2.1 Lack of Skilled Workforce
5.2.2 High Risk of Data Theft
5.3 Impact of Macroeconomic Factors on the Market
6. KEY TECHNOLOGY INVESTMENTS
6.1 Cloud Technology
6.2 Artificial Intelligence
6.3 Cyber Security
6.4 Digital Services
7. MARKET SEGMENTATION
7.1 By Type
7.1.1 Hardware
7.1.2 Software
7.1.3 IT Services
7.1.4 Telecommunication services
7.2 By Size of Enterprises
7.2.1 Small and Medium Enterprises
7.2.2 Large Enterprises
7.3 By Industry Vertical
7.3.1 BFSI
7.3.2 IT and Telecom
7.3.3 Government
7.3.4 Retail and E-commerce
7.3.5 Manufacturing
7.3.6 Energy and Utilities
7.3.7 Other Industry Verticals
8. COMPETITIVE LANDSCAPE
8.1 Company Profiles
8.1.1 IBM Corporation
8.1.2 Microsoft Corporation
8.1.3 Oracle Corporation
8.1.4 Amazon Web Services (AWS)
8.1.5 Salesforce Inc.
8.1.6 Wipro Limited
8.1.7 Telefonaktiebolaget LM Ericsson
8.1.8 Capgemini SE
8.1.9 DXC Technology Company
8.1.10 OnnVision
- *List Not Exhaustive
9. INVESTMENT ANALYSIS
10. MARKET OPPORTUNITIES AND FUTURE TRENDS
Morocco ICT Industry Segmentation
The Moroccan ICT market encompasses the integration and uptake of various information and communications technologies (ICT) in the country. These technologies include big data, mobility, storage, outsourcing, and cloud computing. The primary goal is to drive digitization and digital transformation. The market's focus is on tracking the revenue generated from the sale of these technology solutions.
The Moroccan ICT market is segmented by type (hardware, software, IT services, and telecommunication services), size of enterprises (small and medium enterprises and large enterprises), and industry vertical (BFSI, IT and telecom, government, retail and e-commerce, manufacturing, energy and utilities, and other industry verticals). The market sizes and forecasts are provided in terms of value in USD for all the above segments.
| By Type | |
| Hardware | |
| Software | |
| IT Services | |
| Telecommunication services |
| By Size of Enterprises | |
| Small and Medium Enterprises | |
| Large Enterprises |
| By Industry Vertical | |
| BFSI | |
| IT and Telecom | |
| Government | |
| Retail and E-commerce | |
| Manufacturing | |
| Energy and Utilities | |
| Other Industry Verticals |
Morocco ICT Market Research FAQs
What is the current Morocco ICT Market size?
The Morocco ICT Market is projected to register a CAGR of 6.21% during the forecast period (2024-2029)
Who are the key players in Morocco ICT Market?
IBM Corporation, Microsoft Corporation, Oracle Corporation, Amazon Web Services (AWS) and Salesforce, Inc. are the major companies operating in the Morocco ICT Market.
What years does this Morocco ICT Market cover?
The report covers the Morocco ICT Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Morocco ICT Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Morocco ICT Industry Report
Statistics for the 2024 Morocco ICT market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Morocco ICT analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
