IDC: Overall IT Spending in Middle East and Africa will Cross the US $45 billion Mark by 2010 |
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Forecasts presented at DIC "CEO Interact"
Dubai: 28 March, 2007 - The International Data Corporation (IDC) predicted that overall IT spending in the region will exceed US $45 billion by the end of 2010, up from US $30 billion recorded in 2006.
IDC announced its forecasts at the "CEO Interact" - a quarterly networking event hosted by Dubai Internet CityDubai Internet City
(DIC).
IDC, the leading global provider of market intelligence, advisory services and events for information technology, telecommunications, and consumer technology markets, presented future trends and forecasts for the regional IT sector at the event.
Jamal Abdulsalam, the Executive Director of Dubai Internet CityDubai Internet City said: "DIC is keen to encourage and support its business partners by hosting events that allow them to network with each other in a relaxed, social environment. Attendees will also be able to enhance their knowledge, while benefiting from insights offered by experts such as IDC on future technology developments and trends."
Jyoti Lalchandani, Vice President and Regional Managing Director of IDC Middle East and Africa, presented case studies from the region and provided insights on industry trends in the ICT sector and technology developments in the region and examined technology trends, vertical market trends (focus on key countries/sub-regions and industry sectors) and forecasts by countries/sub-region, vertical sector and technology.
He said: "Middle East and Africa represent one of the fastest growing ICT regions worldwide. This growth has been fueled by economic liberalization/privatization in key sectors, high oil prices (and subsequent impact on ICT budget allocations by the public sector), and the emergence of the home and small and medium-size business (SMB) segments."
IDC assists IT professionals, business executives, and investment communities make fact-based decisions on technology purchases and business strategies.
-Ends-
About Dubai Internet City
Dubai Internet CityDubai Internet City (DIC) provides a knowledge economy ecosystem designed to support the business development of information and communications technology (ICT) companies. It is the Middle East's biggest ICT infrastructure, built inside a free trade zone. It is a strategic base for companies targeting emerging markets in a vast region extending from the Middle East to the Indian subcontinent, and from Africa to the CIS countries, covering 2 billion people with a GDP of $6.7 trillion. Within a short span of time, a dynamic international community of ICT companies has established itself in Dubai Internet CityDubai Internet City. The global ICT giants are all here, including Microsoft, Oracle, HP, IBM, Dell, Siemens, Canon, Logica, Sony Ericsson, Schlumberger and Cisco, as well as many small and medium enterprises and entrepreneurial ventures. The ICT cluster in Dubai Internet CityDubai Internet City comprises companies from various sectors: software development, business services, ecommerce, consultancy and sales and marketing. DIC provides an environment that attracts most elements of the value chain for an ICT business. In addition, it has developed programmes that can be leveraged by the ICT community to explore and expand channel and business development opportunities.
For more information:
Rami Adwan
Senior PR Executive
JiWiN (The Public Relations Arm of Dubai Press Club)
Tel: +971-4-3613586
Email: rami.adwan@jiwin.ae
© Press Release 2007
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