UAE IT services market hits USD1.02 billion in 2008 to post 29.1 per cent year-on-year growth |
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Outsourced services among key contributors to sector's strong performance Global market intelligence firm IDC's IT Services 2009-2013 Forecast and 2008 Analysis for the UAE reveal that the Emirates' IT services market was worth USD1.02 billion last year, representing a 29.1 per cent year-on-year increase. Exceptional growth in outsourced services, particularly in managed network and desktop services, contributed significantly to the sector's solid performance.
Injazat Data SystemsInjazat Data Systems
, the leading information technology and business process managed services provider in the UAE and the Middle East, confirms this trend as it has been accommodating a surge in demand for its outsourced services, which have contributed significantly to the overall market growth tracked by IDC. Although vendor rankings have yet to be published, InjazatInjazat is confident that it will retain its position as one of the top three IT service providers in the country, especially as it has recently engaged in several major contracts and has added Tier IV data centre services to its offerings.
The IDC report identified Combined Government, Combined Finance and Telecommunication as the top three sectors according to IT services spending in 2008, accounting for an aggregate 56 per cent. System Integration, Deploy and Support and Outsourcing were the top three
engagement types, with Systems Integration taking the largest share at 29.4 per cent. IDC's growth forecast for the UAE's IT services trade from 2008 to 2013 projects spending to increase at a compound annual growth rate of 12.4 per cent within the period. IT services expenditure is expected to surpass USD1.828 billion in 2013.
"The robust growth of the industry is an excellent incentive for us to expand our portfolio of managed services. If the IT services business was able to remain buoyant in the midst of the crisis then it will certainly pick up more momentum across all industries during the rest of the year. Key trends that have emerged as a result of the downturn such as managed services will help InjazatInjazat maintain its industry leadership as it explores other prospects in the thriving UAE market," said Ibrahim Mohamed Lari, CEO, InjazatInjazat.
IDC expects the IT services sector to continue growing at a steady rate in 2009 and pick up in 2010 as economic conditions improve and as the market proceeds with natural maturation.
A joint venture between Mubadala Development Co. and HP, Injazat Data SystemsInjazat Data Systems has been consistently maintaining a significant portion of the UAE's IT managed services market. Among the major achievements of the company so far in 2009 are key partnerships with prominent organizations such as du, Microsoft Gulf, Abu Dhabi Commercial Bank, and Northrop Grumman; and the hosting of the first Data Centre Strategies Middle East Forum. It is also the owner of the first Tier IV design-certified data centre in the region and the only one of its kind outside of North America.
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About Injazat Data SystemsInjazat Data Systems LLC:
Established in the 1st Quarter of 2005, Injazat Data SystemsInjazat Data Systems is an Information Technology and Business Services company that offers a wide range of managed services. It is focused on providing IT managed services to the oil & gas, utilities, financial services, government, transportation, telecom and healthcare sectors. InjazatInjazat is a joint venture of Mubadala Development Company and HP.
InjazatInjazat aims to become the premier information technology and business process managed services provider in the region. Growth is driven through Mubadala's knowledge of the Middle East business environment plus the delivery capabilities of HP- creating a local company with the experience of a global player.
Mubadala Development is a Public Joint Stock company, established and wholly owned by the Government of the Emirate Abu Dhabi. Its mission is to invest in commercially-viable, strategic, industrial and commercial partnerships.
For more information please contact:
Diony Koyess
Senior Marketing Specialist
Tel: 971 26992700
E-mail: Marketing@injazat.com
Website: www.injazat.com
Orient Planet PR and Marketing Communications
PO Box 23345, Dubai, UAE
Tel: 00971 2 671 63 93 (Abu Dhabi)
Fax: 00971 2 671 51 81
E-mail: media@orientplanet.com
Website: www.orientplanet.com
© Press Release 2009
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