London, 03 December 2014: TechNavio, the independent tech-focused global research firm, has published a report on the IT Market in UAE 2015-2019, which is expected to grow at a CAGR of 8.22 percent during the forecast period of 2014-2019.
The IT market in the UAE is witnessing high growth given the increased demand for automated business processes in developing SMEs, emerging domestic players, and large enterprises. Automation helps enterprises to take strategic decisions in a cost- and time-effective manner. Government initiatives to increase the IT penetration rate in schools, colleges, and government organizations have also contributed to the growth of the IT market in the UAE.
“With increased adoption of cloud-based services in the UAE, the demand for establishing new data centers is also increasing in the country,” says Faisal Ghaus, Vice President of TechNavio.
“Many new data center facilities are being established to meet the cloud-based service requirements of enterprises and end-users.”
Key Market Drivers
- Adoption of Data Centers
- Government Support for IT Initiatives
- Growth in SME Segment
- Development of UAE as Computer Re-export Hub
Key Market Trends
- Increased Adoption of EPS among SMEs
- Increased Adoption of Tablets
- Popularity of Cloud Computing Services
Key Market Vendors
- HP Corp.
- Huawei Technologies
- IBM Corp.
- Injazat Data Systems
- Oracle Corp.
To define the market circumstances 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%3EIf%20you%20are%20interested%20in%20more%…
