TechNavio recognizes the following companies as the key players in the IT Market in GCC : Dell Inc., Hewlett Packard Co., IBM Corp. and Lenovo Group Ltd.
Commenting on the report, an analyst from TechNavio’s team said: “Many investors across the globe are focusing on GCC countries. Investors are being attracted by the large market size and high purchasing power of GCC countries. Also, the increasing focus on non-oil sectors by governments of GCC countries is another factor that has led to increased interest among investors. The UAE and Saudi Arabia top the list in terms of FDI, while Kuwait and Qatar are still catching up. GCC countries were the recipients of around 5 percent of global FDI in 2013. The IT sector has attracted 10-12 percent of the total number of FDI deals in the GCC during the last five years. Various IT investment programs and e-government initiatives are key reasons why the IT industry is a lucrative option for investors.”
According to the report, the adoption of cloud services is still in the early stages in the GCC. Although only one-third of GCC enterprises are currently using some form of cloud, many others are showing increased interest in it. It has been observed that there is a specific interest among organizations in adopting private clouds, and Telecom is one of the largest spending sectors in this area.
Further, the report states that GCC countries are highly vulnerable to cyber attacks as they are a prime target for cyber criminals. There have been attacks on government, financial institutions, and some MNCs.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/it-market-in-gcc-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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