UAE demand for IT increasing, says Dubai Chamber report
Higher demand driven largely by the growth of UAE population and its residents' incomes, study says
The UAE is seeing a strong increase in the demand for IT products and services, driven largely by the growth in the population and incomes of UAE residents, according to a recent report from the Dubai Chamber of Commerce and Industry.
The report, which aimed to evaluate the trends and expectations for the UAE's IT and electronics market, added that growth was also being driven by the IT requirements of businesses and families, which now place more emphasis on innovation.
The study pointed out that the demand for computer products across the MENA region and South Asia is creating opportunities for UAE businesses to re-export to these regions. As a result, Dubai has become a leading information technology (IT) hub for the MENA region and beyond with major IT companies setting their MENA regional offices in the emirate, the report said.
The report added that the UAE specialises in the sale of communications and electronics devices.
"The UAE computer and peripheral market achieved sales volume of about 2,990 units in 2014, and is set to increase by 6.5% to around 3,185 units by 2018, according to a report by the based on data from Euromonitor International. Within the coming three years the market is forecast to be valued at AED 3.37bn," the report said.
According to the report, innovations in the global IT sector have also contributed to make productivity improvements in the UAE and across the region. Current and possible future global trends which are expected to impact the UAE IT industry include cloud computing, increased mobile computing, pervasive computing and robotics, the report said.