Quick Overview of the UAE Leisure, Entertainment and Tourism (LET) Digital Services Market Analysis

The  UAE Leisure, Entertainment and Tourism (LET) Digital Services Market Analysis, research report provides an in-depth market study with qualitative and quantitative research of the continuing industry trends, opportunities, growth areas, drivers, and challenges, which would enable stakeholders to align their market strategies according to the present & future market dynamics.

Detailed Analysis of UAE Leisure, Entertainment and Tourism (LET) Digital Services Industry (2023-28): Reveals Further Growth &Market Expansion

According to the most recent study, the UAE Leisure, Entertainment and Tourism (LET) Digital Services Market is projected to grow at a CAGR of around 9.73% during the forecast period, i.e., 2023-28. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, regional landscape, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2023-28.

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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.

UAE Leisure, Entertainment and Tourism (LET) Digital Services Market Segmentation Analysis

-By LET Type

• Tourist Attraction
• Entertainment Attraction
• Leisure Attraction

-By Service Type

• Digital Marketing Services
• Sales & Support Services

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Geographical Analysis:

-By Region

• Dubai
• Abu Dhabi
• Sharjah and Northern Emirates

Among all the regions, Dubai holds the major market share in the UAE LET Digital Services market, owing to its vast & famous tourism locations that attract national as well as international tourists. The expanding tourist attractions places along with the increased tourist count in the country, have been contributing to the growth of digital platforms. Additionally, these services have been popular in the country as it drives data-based insights, increase customer satisfaction, time management for an advanced system, and monetize software.

Nevertheless, Abu Dhabi & Al Ain are also anticipated to account for the major share of the UAE LET digital services market, owing to the execution of major international events like the Formula 1 Abu Dhabi Grand Prix. These events lead to an increment in both national & international tourists in the country as people visit to attend the events.

Key Players and Competitive Strategies in the UAE Leisure, Entertainment and Tourism (LET) Digital Services Market

The report provides a study that looks at the requirements for manufacturing and processing, project expenses, finance, and economics, as well as projected profit margins and returns on investment. This also helps in identifying the major market players in the market such as:

• Emaar Entertainment
• Semnox Solutions Private Limited
• Viva Ticket Inc.
• Platinumlist
• VGS Ticketing System
• Ticketmaster Middle East
• Gantner Electronic GmbH Middle East
• Vantage Technology Ltd
• Connecteam
• Chetu Inc.
• Others

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Recent Developments by Leading Companies

• 2021: Loopagoon, the world’s first water park exclusively for women, opened to the public in Dana Bay, Saudi Arabia, and partnered with Prologic First Dubai and Gateway Ticketing Systems for ticketing and operational solutions at the park.
• 2021: Emaar Entertainment partnered with Gosi Investments to expand Reel Cinemas in Saudi Arabia with an investment of about USD270 million. The opening of Reel Cinemas in Saudi Arabia would feature 14 cinema screens & consist most advanced technology & a specially crafted food & beverage menu managed by Emaar Entertainment.

Key Report Highlights

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the globe?
4. How has the industry been evolving in terms of geography and product adoption?
5. How has the competition been shaping up across various regions?
6. How have buying behaviour, customer inclination, and expectations from product manufacturers been evolving during 2023-28?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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