Digital Transformation to Boost the Middle East Economy
Governments across the Middle East and Africa (MEA) spent a combined $12.8 billion on ICT last year, according to IDC. The analyst expects this figure to continue rising over the coming years at a compound annual growth rate (CAGR) of 4.8%, crossing the $15 billion mark by 2023.
IT Spending in EMEA will Reach $1 Trillion by 2018
Information technology (IT) investment within the Europe, Middle East and Africa (EMEA) region is on track to further growth. IT spending in EMEA is forecast to reach $1 trillion in 2018 — that’s an increase of 4.9 percent from 2017, according to the latest market study by by Gartner.
Source: Digital Lifescapes
Digital Transformation Projects Adopted in Developing Markets
The Middle East and North Africa (MENA) digital transformation market was valued at $1,121.4 Million in 2015 and is forecast to reach at $2,791 Million by 2020, with a CAGR of 16.4%. With 31.2% market share in 2015, Saudi Arabia held the largest digital transformation market.
Source: Research and Markets
Growing Public Cloud Apps in the Middle East and North Africa
The public cloud computing market is maturing, across the globe. Public cloud services in the Middle East and North Africa (MENA) region is forecast to grow by 19.3 percent in 2016 to reach a total of $ 880 million — that’s up from an estimated $737 million in 2015, according to Gartner.
Source: Digital Lifescapes
Smart Cities and Digital Projects Fuel Middle-East IT Growth
The biggest verticals in the region — contributing to nearly 74% of overall Middle East IT spending in 2015 — will be the consumer, public, communications, and finance sectors. The fastest growing verticals will be the transportation, public, and energy sectors, as much of the large-scale infrastructure upgrade projects planned by the region’s governments are focused on these areas.
Cloud Infrastructure Spending in CEMA is Expected to Rebound
Following a very strong 2014, cloud computing spending on enterprise infrastructure in Central and Eastern Europe, the Middle East, and Africa (CEMA) declined by 7% in the first quarter of 2015 — in contrast to 24% year-on-year growth in 2014.
Upside for IP-Enabled Consumer Electronics in EMEA IoT Market
The Consumer Electronics industry in the EMEA region reached $203 billion in 2014, that’s down 0.3% on the previous year. Devices with the ability to connect to the Internet accounted for 89% of revenues during the year, while the average number of IP-enabled devices per household across the region grew to 4.6, as IP connectivity in CE devices nears ubiquity.
The Internet of Things Market in CEMA to Grow by 22% in 2015
Why Windows 10 Launch Won’t Boost the EMEA PC Market
PC shipments in Europe, the Middle East, and Africa (EMEA) reached 17.2 million units in the second quarter of 2015 — that’s a 21.6% decline compared with last year. The market continues to suffer from currency exchange rates, which led to higher price points and weaker demand.
Cloud IT Revenue Reached $1.01B in EMEA during 1Q15
According to IDC, IT infrastructure spending (server, disk storage, and Ethernet switch) for public and private cloud in Europe, the Middle East, and Africa (EMEA) grew by 16% year over year to reach $1.01 billion in revenue during the first quarter of 2015.
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