This strategic assessment report, from Markntel Advisors, on UAE Leisure, Entertainment and Tourism (LET) Digital Services Market provides a detailed analysis of market size, regional and country-level market size, segmentation market growth, and more market dynamics. The report chapters analyze the industry in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the key participants and investors in identifying the low-hanging fruits available and formulating the growth strategies to expedite their growth process.
The report structure has been kept to offer maximum business value and is easy to read and understand. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players and those willing to enter the industry. The researchers at Markntel Advisors have comprised the report with significant market elements, including challenges, drivers, opportunities, restraints, demand growth falls, leading geographies, key players and their profiling, and market trends. The report covers the market spread across: -
-Dubai
-Abu Dhabi
-Sharjah and Northern Emirates
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The Aim of the Report
The study’s main goal is to help stockholders and readers understand the market overview, segmentation, potential, major trends, and difficulties. The process of creating the report involves intensive research and analysis. As a result, readers will benefit from detailed insight into the market.
Market Dynamics
The report is compiled systematically and methodically, with each section neatly covering its essence and influence in the market. Likewise, the report provides a credible selection of market dynamics consisting of the following major pillars of the industry’s study.
Key Driver: Growing Popularity of Historical Religious Tourism Sites
The development of pilgrimage sites owing to rising faith tourism in the country has been supporting the requirement of digital services at these locations. Dubai houses a large number of religious attractions for people from different nationalities who are residing in the country. Several religious historical parks and museums, like the Museum of Islamic Civilization in Sharjah Quranic Park in Dubai, are present in the country that tourists may explore with their families. Moreover, UAE is a hub of cultures, historical places, and architectural wonders that tourists visit to increase their awareness regarding other religions.
Hence, the rising tourism at these historical religious tourism sites would raise the demand for digital services to be used to enhance the tourist experience. Besides, the new projects for the construction of historical sites, such as the Natural History Museum, Kalba Heritage Museum project, etc., which are estimated to start in 2022, would further supplement the demand for digital services at these sites during 2023-2028.
Possible Restraint: Lack of Skilled Labor in UAE to Hamper the Market Growth
A lack of skills in the UAE's workforce would further hinder digital services adoption by LET attraction sites, as skilled laborers are needed to handle their operations. As reported by PwC in 2022, around 46% of the employers in the country believe that there is a shortage of employees with specialized digital technical skills. Moreover, the disruption adoption of new technologies in the country has created a supply demand gap in the skilled workforce, leading to traditional jobs turning obsolete.
Further, both the development operations of LET digital services would require laborers with strong technical digital skills. Consequently, the workforce issues faced by technology organizations and attraction sites would hamper the growth of the market by restricting the adoption of LET Digital services by attraction sites.
Significant Market Advancement
Along with the competitor’s analysis, the report also provides significant market developments, including joint initiatives, RD, new product launches, new major product modifications, joint ventures, and connections between key market participants. The study includes the major companies; -
-Platinumlist
-VGS Ticketing System
-Ticketmaster Middle East
-Gantner Electronic GmbH Middle East
-Vantage Technology Ltd
-Connecteam
-Chetu Inc.
-Others
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Segmentation-Wise, Scope of The Market
By dividing and bifurcating the industry based on varying segments, the reports help breaks down the market into sections to help shareholders point out their focus of attention and figure out the most profitable quarter.
The UAE Leisure, Entertainment and Tourism (LET) Digital Services market is diversely fragmented and spread across various bifurcations. The report aims to categorize and systematically present the data in an organized, easy-to-interpret format by dividing the bifurcations into segments. Each segment is then further presented with historical data, market growth, expansion, technological advancement, and other factors affecting it. The prediction of its future growth depends on current trends and further development. The industry segmentations bifurcate across the following segments:
Market Divided into, By LET Type
-Tourist Attraction
--Theme Parks
--Water Parks
--Aquarium
--Museums
--Others (Zoo’s, Safari’s, Galleries etc.)
-Entertainment Attraction
--Race-Tracks
--Stadium
--Theatres
--Others (Circus, Operas, etc.)
-Leisure Attraction
--Adventure Parks
--Indoor Sky Diving
--Bowling Alleys
--Kart Tracks
--Others (Turfs, Escape Rooms, etc.)
Market Divided into, By Service Type
-Digital Marketing Services
-Sales Support Services
--Information Ticketing (Online Ticketing, Self Service Kiosks, etc.)
--Cashless Management
--Customer Relationship (360 Degree CRM Solution, Annual Season Pass Management)
--Digital Signage
--Access Control
--Analytics
--Food Beverage System (FB Sales, Inventory/Recipe Management)
--Queue Management
--Navigation on Ground
--Point of Sales
--Customer Concierge Services
--Operations Management (Staff Management, Facility Management)
--Bundled Services
--Others (IT Security, Network Support, Integrated Locker Management etc.)
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