|By Business Wire||
|April 22, 2014 04:51 AM EDT||
Research and Markets (http://www.researchandmarkets.com/research/726s5s/it_market_in_gcc) has announced the addition of the "IT Market in GCC 2014-2018" report to their offering.
The market in to grow at a CAGR of 8% to 2018.
Many investors across the globe are focusing on GCC countries. Investors are being attracted by the large market size and high purchasing power of GCC countries. Also, the increasing focus on non-oil sectors by governments of GCC countries is another factor that has led to increased interest among investors. The UAE and Saudi Arabia top the list in terms of FDI, while Kuwait and Qatar are still catching up. GCC countries were the recipients of around 5 percent of global FDI in 2013. The IT sector has attracted 10-12 percent of the total number of FDI deals in the GCC during the last five years. Various IT investment programs and e-government initiatives are key reasons why the IT industry is a lucrative option for investors.
According to the report, the adoption of cloud services is still in the early stages in the GCC. Although only one-third of GCC enterprises are currently using some form of cloud, many others are showing increased interest in it. It has been observed that there is a specific interest among organizations in adopting private clouds, and Telecom is one of the largest spending sectors in this area.
Further, the report states that GCC countries are highly vulnerable to cyber attacks as they are a prime target for cyber criminals. There have been attacks on government, financial institutions, and some MNCs.
Key vendors dominating this space are:
- Dell Inc.
- Hewlett Packard Co
- IBM Corp.
- Lenovo Group Ltd.
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Country-wise Segmentation
- Market Segmentation by Type
- Market Segmentation by End-users
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/726s5s/it_market_in_gcc
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