Netgear targets $2.75m Qatar revenues
Dubai, July 19, 2011
Netgear, a leader in advanced branded networking products, plans to create a stronger market presence in Qatar’s ICT segment and has set a QR10 million ($2.75 million) revenue goal in 2013.
The move complements the latest Qatar IT Industry report released by the International Data Corporation (IDC) stating that the country’s rapidly developing ICT segment is posed to reach a value of QR13.47 billion over the next two years.
SMEs, along with other segments, are expected to infuse a lot of investments in IT infrastructure and other related solutions to help streamline operations and keep pace with their competitors.
Netgear is currently promoting its current line of storage systems that are aimed at both home and business users, which range from 248GB enterprise rack units to the little two-bay ReadyNAS designed for home, small office use.
The Netgear ReadyNAS Ultra 6 is a six-bay unit that is powered by a dual-core 1.66Ghz Intel Atom processor and 1GB of DDR2 RAM, which can deliver up to 15 concurrent streams, a statement said.
“Qatar’s ICT market has been witness to dramatic growth and development over the last few years, with analysts predicting continuous growth and subsequently reaching a value of over QR13.47 billion in two years,” said Ahmed Zeidan, channel sales manager, Netgear Middle East.
“This expected growth has drawn the attention of businesses wanting to play a major role in the sector’s development. Netgear's confidence in Qatar’s ICT growth is reflected in our move to roll out strategic networking and storage products that can address the demands and requirements of various industry verticals,” he added.
According to Netgear senior officials, the QR10 million revenue target reflect the company’s confidence in Qatar’s emerging market potential, which has been ably boosted by the announcement of the country’s hosting of the Fifa World Cup in 2022.
The company was also responsible for the successful implementation of strategic storage systems for the CCTV cameras used at the recent Asian Cup in Qatar.
During its participation at the recent Qitcom Conference & Exhibition, the company showcased its latest range of central wireless management system and the ProSecure unified threat management appliances.
“Netgear has managed to maintain strong ties with leading companies and strategic channel partners in Qatar,” said Zeidan.
“These companies have reported positive results from utilizing our products. We remain highly dedicated to its standing commitment to provide its customers with world class high quality solutions that promise on reliability and effectiveness. We look forward to presenting our customers with an integrated suite of solutions that can help drive in an increase in productivity and efficiency,” he concluded. – TradeArabia News Service