IT can be defined as an integrated platform that includes hardware, software, and IT services. The role of IT in an organization is to integrate various business processes and thus ensure smooth flow of information and processes. IT also helps organizations align their business processes with various technologies. The IT market in GCC is faces few challenges including political and social uncertainties and regulatory compliances. Unfavorable regulatory environment restricts the entry of new players into the market.
Technavio's analysts forecast the IT market in GCC to grow at a CAGR of 7.75% over the period 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the IT market in GCC for the period 2015-2019. The market is categorized into three segments: hardware, software, and IT services. The report covers the geographical segmentation of the market based on the following key states: Saudi Arabia, the UAE, Qatar, Oman, Kuwait, and Bahrain.
Technavio's report, the IT market in GCC 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report also includes the profile of key vendors operating in this market.
Technavio Announces the Publication of its Research Report – IT Market in the GCC 2015-2019
Technavio recognizes the following companies as the key players in IT Market in the GCC 2015-2019: Dell, Hewlett Packard, IBM, Lenovo Group, Microsoft and Oracle
Other Prominent Vendors in the market are: Acer, Apple, Brocade, Cisco Systems, EMC, Fortinet, Injazat Data Systems, Letosys Computer Systems, MDS Holdings, Oracle, Sage Group, Toshiba, Wipro
Commenting on the report, an analyst from Technavio’s team said: “To keep pace with the rise in computing and storage demands, countries in the GCC are experiencing an increased demand for modern IT equipment. With the advent of third-party technologies such as social media, big data, cloud and mobility, there has 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. Thus, storage infrastructure in business should be more responsive and adaptable with the changing demands of the market.”
According to the report, as IoT gains momentum across the globe, the GCC is also expected to capitalize on this to attain its goals on economic growth and development of the private sector. Government efforts to promote economic diversification and expand the number of SMEs in the region can take advantage of IoT and advanced technologies such as big data. The region has been aggressively working toward being portrayed as a knowledge-oriented economy and big data is referred to as "new oil," which proves the benefits that IoT can offer the GCC. Thus, the IoT market is expected to expand rapidly, driving the IT market in the GCC.
Further, the report states that the GCC is facing a critical shortage of highly skilled experienced professionals.
Dell, Hewlett Packard, IBM, Lenovo Group, Microsoft, Oracle, Acer, Apple, Brocade, Cisco Systems, EMC, Fortinet, Injazat Data Systems, Letosys Computer Systems, MDS Holdings, Oracle, Sage Group, Toshiba, Wipro
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