IDC supporting GITEX as strategic partner
IDC analyst team will be participating across GITEX panels and discussion events
International Data Corporation (IDC) is once again a Strategic Partner for GITEX Technology Week.
Senior IDC analysts will be participating across the board at GITEX, as speakers, moderators, and panelists in various technology- and industry-themed sessions.
IDC will have its own stand in Sheikh Rashid Hall, SR-2L.
The analyst company's latest forecast shows that IT spending in the Middle East and Africa (MEA) is set to increase at a compound annual growth rate (CAGR) of 3.0% over the coming years to total $106 billion in 2022. Enterprises will account for close to 61% of that figure, with the telecommunications, finance, government, and manufacturing sectors continuing to be the biggest spenders. But it is transportation (CAGR of 6.2%) that will see the fastest growth over the 2017-2022 period, followed by healthcare and utilities (both 6.0%).
With digital transformation (DX) increasingly shaping the investment decisions of organizations across the region, consumer and enterprise mobility will account for the largest chunk of spending in 2022 at $47.4 billion, followed by the Internet of Things at $17.0 billion. The quest for DX will drive investments in other emerging technologies too, with cloud ($5.0 billion), big data & analytics ($4.8 billion), and security ($4.2 billion) expected to be key areas of investment in 2022.
"As digital transformation continues to reshape the global economy, innovation will multiply, platform wars will intensify, and data will increasingly be used for competitive advantage," says Jyoti Lalchandani, IDC's group vice president and regional managing director for the Middle East, Africa, and Turkey. "And with market leadership ranks being disrupted, a new ICT world order is taking shape, built around innovative technology offerings, evolving business models, and emerging DX use cases. Given this unprecedented disruption, it's imperative that organizations make the right decisions today to ensure they remain competitive tomorrow."