- The key vendors in the IT market in the GCC 2015-2019 are Dell Inc., Hewlett Packard Co. (HP), IBM Corp., Lenovo Group Ltd., Microsoft Corp. and Oracle Corp.
London, 22 April 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the IT market in the GCC 2015-2019. Adoption of software-defined data centers is one of the key trends emerging in the market. With the advent of third-party technologies such as social media, big data, cloud and mobility, there have been a large explosion of data generated in the whole enterprise ecosystem. This has created a high demand for software-defined data centers for storage of data in order to keep pace with upcoming demand for business. The IT market in the GCC is expected to grow at a CAGR of 7.75% during the forecast period of 2014-2019.
GCC countries are observed to be aggressively deploying and implementing the plan of smart city initiatives, which is also aimed at promoting foreign investment. The aim is to transform the countries into a developed digital economy with the latest IT infrastructure and services. The plan includes the objective of building digital networks, smart cities, and other technology landmarks.
“Proliferation of data, shift of IT infrastructure to cloud systems, disparate mobile platforms, and social media applications create the huge demand for mobility services among enterprises in the GCC,” says Faisal Ghaus, Vice President of Technavio Research.
“The usage of smartphones, tablets, and hybrid notebooks is rapidly increasing among enterprises, the need for mobility services is also increasing. Bahrain, Saudi Arabia, and Qatar are showing promising growth in this market.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3E%3Cspan%20style%3D%22line-height%3A%201….
