According to the new Boston Consulting Group (BCG) report “Global Payments 2022: The New Growth Game,” payment revenues in the United Arab Emirates (UAE) are expected to reach $18.7 billion by 2031.

Digital health players focused on analytics are emerging and enabling digital transformation in the healthcare sector across key markets in the Middle East. BCG’s analysis segmented analytics players into three archetypes: (1) players with broad analytics capabilities (i.e., not only focused on healthcare), (2) players with health analytics capabilities in select use cases, (3) players bringing holistic health platforms.

According to the Boston Consulting Group’s (BCG) report, ‘Gaming & Esports: Media’s Next Paradigm SHIFT,’ overall consumption in Saudi Arabia is predicted to reach USD 6.8 billion by 2030.

“With digital capabilities introducing consumers to new possibilities, the Saudi banking sector is witnessing more and more people proactively engage in multiple banking relationships. Demands and expectations are evolving, and we see that it is easier to switch banks with the simplicity of digital onboarding,” explained Mustafa Bosca, Managing Director, and Partner, BCG.

“In the UAE, we see that most customers have multiple banking relationships, which is understandable when one considers the significant expectations people now have on their banks.Two-thirds of survey respondents proactively search for offerings that provide better value and over half would not be hesitant before opting for a different bank altogether,”said Mohammad Khan, Partner, BCG.