Saudi Arabia IT Sector Booming

The GCC countries, mainly the UAE, Saudi Arabia, Kuwait, Bahrain, Oman, and Qatar are experiencing rapid economic growth due to their burgeoning regional markets. According to our latest report “Middle East ICT Market Analysis”, Saudi Arabia is one of the largest IT markets in the Middle East region. We anticipate that the IT industry in the Kingdom will grow at a CAGR of around 10% during 2010-2013.

 

Our research shows that growing youth population and increasing government spending on infrastructure and education will create a demand for advanced technology and security in the Kingdom. Besides, various other strong fundamental drivers discussed and analyzed in the report will enable this industry to sustain its upward growth trend in the coming years.

 

Further, our team of experts has also found that Saudi Arabia has emerged as the largest market for security products in the GCC, followed by the UAE on the back of various factors discussed in our report. The breakup of IT security software and appliances market on the basis of application is also discussed in our report.

 

Besides, our study has found that the government support plays a critical role in the development of Middle East ICT sector. The governments of Middle Eastern countries are recognizing the need of ICT sector for the overall economic growth and to reduce their dependency on oil. Moreover, the liberalization of the ICT sector has also encouraged private sector for more investments.

 

“Middle East ICT Market Analysis” offers extensive research and prudent analysis on the ICT industry across the Middle Eastern countries. It provides unbiased facts on the ICT industry to help clients better analyze investment options and high potential growth areas. Various countries that have been analyzed as part of this research are Saudi Arabia, Egypt, Israel, Turkey, the UAE, Iran, Jordan, Oman, Qatar, and Bahrain. The report provides thorough study on the IT and telecommunication industry of each of these countries. The report also provides comprehensive forecast of the subsectors of both IT and ICT industry such as, hardware, software, IT services, Mobile, Broadband, and many more.

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