The Middle East region will be one of the world's fastest growing IT markets with spending on the products and services likely to top $32 billion in 2014 growing at an average 7.3 per cent year on year, according to a report.
Middle East and Africa enterprise IT spending across all industry markets is forecast to reach 70 billion euros ($93.87 billion) in 2012, a 6.3 per cent increase from 2011 spending of 66 billion euros ($88.51 billion), according to Gartner.
The total Information Technology (IT) spend in the Middle East this year is estimated to be $14 billion, up 12 per cent compared to last year, said experts, ahead of the Gitex Technology Week.
Gitex, which runs from October 9 to 13 in Duba
The spending on Information Technology (IT) sector in the Middle East and Africa is set to reach $212.9 billion, up 3.9 per cent from last year's spending of $205 billion, according to Gartner, a leading IT research and advisory company.
IT spending in the Middle East and Africa is set to grow faster than almost any other region in the world as investment continues at a record pace with a 12 per cent growth this year, according to a new research.
While worldwide spending w
IT spending in Egypt is projected to reach a record $1.9 billion by 2013, reflecting a significant jump from its 2008 levels at $1.2 billion, according to a recent report.
The statistics were released by Business Monitor International (BMI
Information technology spending in the Middle East will reach $50 billion this year with the sector in the Gulf region likely to see double digit growth within three years, an executive said on Tuesday.
'The Middle East will see spendi
Gulf countries are forecast to spend up to $4.5 billion on IT and communications hardware for new civil projects between now and 2011, according to figures released by a database firm.
The estimation was made by project database company Pr
A projected 21 per cent growth in GCC spending on IT is prompting a leading systems company to reinforce its resources and expand services.
Raqmiyat, a leading UAE-based systems integrator, has announced its plans to expand its GCC-based t