| High growth in United Arab Emirates IT services spending A report from IDC claims that the United Arab Emirates IT outsourcing market is increasing sharply and will continue to see double-digit growth over the next few years. IDC says that the overall value of the UAE IT services market reached $234.3 million in 2002 with outsourcing services accounting for about 5 percent of spending. The UAE IT services sector sees relatively high spending on deploy and support services and system integration, which together accounted for more than half of last year's spending on IT services. Value-added IT services such as IT training, custom application development and outsourcing are however claiming an increasing share of overall IT services spending making the UAE a hot spot for technology services in the Gulf region. "Rising dependence on IT for business
continuity combined with investments in relatively advanced IT products
has created a higher incentive among local firms for using external
providers to secure smooth running of production processes and to
reduce down-time on mission-critical parts of their IT solutions",
said Torben Pedersen, senior analyst with IDC Middle East &
North Africa (Dubai).
•Date:
7th July 2003 • Region: Middle East
•Type: Article •Topic:
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