Middle East IT spend higher despite economic crisis
Information technology spend in Middle East set to see 7% boost from companies
The Middle East will be responsible for more than a tenth of the world’s new information technology spending this year, with companies in the region boosting investments by almost 7 percent as the sector’s global budget stagnates.
John Gantz, chief research officer for IDC, a technology research and analysis firm, told chief information officers from across the region to capitalise on the opportunity presented by the global slowdown, the National newspaper reported.
Opening a technology summit in Dubai, he said CIOs had the chance to move the IT capabilities of their organisations ahead of competitors in the West.
IDC forecasts global spending on IT to rise by just 0.5 per cent this year, while spending in the Middle East and Africa will grow by 6.7 per cent.
The region’s estimated 231 billion dirhams in new spending this year will be focused largely on software and services as companies look to squeeze maximum value out of existing infrastructure.
Spending on servers, long a mainstay of corporate IT budgets, is expected to drop by 16 percent as the growing trend of virtualisation of computing resources takes hold.