IT services spending in UAE increased 41% in 2007 to nearly $791 mln
Fact recorded on: October 19, 2008. Categories: Spending.
According to a recent IDC study, IT services spending in UAE increased 41% year on year in 2007 to nearly $791 mln. While 2006 saw infrastructure-related services, such as hardware and software installation and support, making up the largest portion of the IT services market, the situation changed in 2007 when systems integration services took the lead, constituting 19% of the market. It was followed by hardware support and installation (15.7%) and software support and installation (12.8%). The combined outsourcing category comprised 18.1% of the IT services market in UAE last year. On the demand side, the combined government sector, with 26.7% of total services spending, was the largest customer for IT services, followed by the financial sector with 16.7%. The third-largest sector, with an 8.6% market share, was the combined agriculture, construction, and mining vertical, according to IDC. IDC predicts that spending on IT services in UAE will continue to grow by an annual average of 23.9% over 2008-2012 to reach $2.3 billion in 2012, according to IDC.
Latest Spending facts
- $115.6 bln will be spent on online travel in 2009
- Infrastructure sharing to save companies $60 bln by 2014
- Enterprise software to grow 0.3% in 2009
- $400 mln spent on delivering video via CDNs in 2008
- Worldwide IT Spending by Vertical Markets in 2009
- International phone calls up 12% in 2008
- Top Technology Priorities in 2009
- IT spending to drop 9% in 2009
- LCD TV panel sales to grow 20.5% in 2009
- IT spending in China to reach $51.2 bln in 2009
- Airlines to lose $3.5 bln due to high-def conferenceware
- 24% of online shoppers have spent more than $500 in 2008 holiday season
- 2009 IT spending to fall 3%
- US consumer electronics shipments to generate $171 bln in 2009
- Spending by largest ad categories in Q1-Q3 2008
- LCD TV revenues to fall 16% in 2009
- Internet ad spending by top companies for Q1-Q3 2008
- Worldwide IT spending will grow 2.6% in 2009
- Where consumers spend their money online – video games grew 60% in one year
- 65% of Americans would prefer cash to gifts for 2008 holidays
- IT spending in Bulgaria reached $944 mln in 2007
- Airline ticket sales by airline Web site
- IT spending to grow 2.6% in 2009
- Attitudes towards paying for extra airline amenities
- Consumer sentiment towards a la carte price plans by airlines
- US personal incomes up 0.2% in September 2008
- Albanian IT market reached $89.34 mln in 2007
- 60% of US consumers to reduce spending this holiday season
- 27% of IT execs cutting sales and marketing expenses
- IT services spending in UAE increased 41% in 2007 to nearly $791 mln
- 50 services companies accounted for 53.4% of the IT and business services market in Europe in 2007
- Western European IT services market will grow 4.8% in 2008-2012
- IT spending to grow 2.3% in 2009
- US IT spending to grow 5.4% in 2008
- 49% of US companies to cut IT budgets
- Private line services market to reach $40 bln in 2008
- 21% of CIOs expect their security budgets to increase
- Global IT spending to reach $3.4 trln in 2008
- Top Russian Internet advertisers: Ford, MTS, Megafon, GM, Vympelkom
- US small businesses to spend $280 bln on IT by 2012
- EAS market in the Czech Republic declined 4.5% YTY in 2007
- Worldwide remote branch spending to grow 6% to $24.2 bln by 2011
- Worldwide spending on Internet ads will total $65.2 bln in 2008
- Virtualization growth rising from 46% in 2007 to 54% in 2008
- Telecom spending to reach $923.91 bln in 2008
- Medium-sized business enterprise applications market will grow to $80.3 bln by the end of 2012
- The Brazilian IT market will grow to $24 bln
- Consumer spending to reach $234 bln by 2012
- Open source software to generate $4.83 bln by 2012
- 40% of global R&D spendingis done by the US