ICT Sector Thriving in Middle East

Amidst the global economic downturn and a steep decline in oil prices, the Middle East region has started reducing its dependency on oil and is looking towards other industries to sustain economic growth. For this, the region has chosen ICT industry as their priority area for future growth, says our new report, "Middle East ICT Market Analysis".

Our research has found that the governments' efforts have supported demand for ICT products to nurture the development of the private sector in the region. State monopolies in many areas of the economy have been broken and replaced by competing private companies. Moreover, the governments are providing certain types of benefits (like tax benefits, free trade zones, etc) to the firms interested in the ICT sector of the region.

Many industries (such as retail industry, tourism industry and insurance industry) in the Middle East are performing well despite global economic crisis, resulting in strong demand for ICT products, particularly Internet. It has also been found that the usage of broadband by these industries to stay connected with the rest of the world has significantly escalated, which in turn, boosted the demand for broadband technologies such as WiMAX.

Our team of experts has done thorough analysis of the key ICT markets in the Middle East region and found that the UAE, followed by Qatar and Bahrain, enjoy the most developed mobile network infrastructure in the region with mobile penetration rate of over 100%. Various factors which are fueling growth into the markets are covered in the research. The report also provides overview of various ICT segments to enable clients to understand and evaluate the present and future scenario of PCs, Internet, mobile and fixed telephony and broadband in the Middle East countries.

Besides, "Middle East ICT Market Analysis" gives deep insight of the past and current performance of the IT industry at country level, including software industry, hardware industry and services industry.

For more information visit: http://www.rncos.com/Report/IM562.htm