UAE tops spending on IT security, report claims

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By  Published  November 11, 2006

While the Middle East (ME) region ranked second in IT security services spending globally as stated in a recent report by market analyst IDC, the UAE dominated first place regionally. According to the report, the ME region spent US$4.718bn on e-security services in 2005, which is a 15.6% increase over the previous year.

The numbers however are expected to increase and hit US$5.620bn in 2006 and US$9.338bn in 2009 at a compound annual growth rate (CAGR) of 18.6%. The report also revealed that the Americas region arrived at number one in the list with a reported expenditure of US$8.065bn in 2005 and 19.6% CAGR until 2009.

Due to this phenomenon, Dubai World Trade Centre, organiser of the regional IT and communications exhibition GITEX, said the exhibition this year will pay special attention to IT security and related services in order to help improve the market in terms of security awareness. GITEX 2006 is planned to commence on November 18 until the 22nd at the Dubai International Convention and Exhibition Centre.

“Having emerged rapidly, the Middle East, especially UAE has been an eager adopter of the latest in technology especially IT security technologies and products. Companies have been actively incorporating security mechanisms across their enterprise and GITEX 2006 will help to speed up the pace of investments and also create a platform for visitors from other Middle East countries to take advantage of the technology spread available,” said DWTC boss Helal Saeed Al Marri.

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