Middle East IT spend to exceed $32bn in 2014: IDC

Industry research firm shares coming-year insights

Tags: International Data Corporation
  • E-Mail
Middle East IT spend to exceed $32bn in 2014: IDC Spending on IT products and services in the Middle East will increase 7.3%, year on year, in 2014 to top $32bn.
By  ITP.net Staff Writer Published  December 11, 2013

International Data Corporation (IDC) today announced its annual predictions for 2014 for the Middle East's information and communications technology (ICT) industry.

IDC's predictions reflect the ongoing factors that will set the trend for the region's ICT development. Experts anticipate that the trickle-down effect of these predictions will initiate a change within a variety of industries, such as government, healthcare, logistics, and finance.

"Organisations will be faced with a growing need to adapt in 2014 as effects of the third platform continue to disrupt and change industries in the region," said Jyoti Lalchandani, group vice president and regional managing director for IDC in the Middle East, Africa, and Turkey.

"We anticipate that major players in the region will make significant investments to enhance their infrastructure as they look to scale up their cloud and big data capabilities. In this context, securing data will become more vital than ever before."

Spending on IT products and services in the Middle East will increase 7.3%, year on year, in 2014 to top $32bn. Consumers, the public sector, and the communications and financial services verticals are expected to be the biggest IT spenders in the region, contributing nearly 74% of the Middle East's total IT expenditure in 2014. Public sector investments in improving government services, education, and healthcare services will continue to be key drivers in the GCC.

Smart city initiatives have gained momentum in the GCC in recent years with three countries announcing projects for future smart cities, namely, the six economic cities in Saudi Arabia, the three projects in Qatar (Lusail's Smart and Sustainable City, Pearl-Qatar Island, and Energy City Qatar), and two projects in the UAE (Masdar City in Abu Dhabi and Smart City Dubai). IDC expects the total spending on machine-to-machine (M2M) connections in GCC countries to increase 19%, year on year, in 2014 to reach $224m.

Add a Comment

Your display name This field is mandatory

Your e-mail address This field is mandatory (Your e-mail address won't be published)

Security code