Saudi ICT spend to near $37bn in 2015

Hybrid cloud traction will be key driver in 4.6% YoY growth, says IDC
Al-Helayyil: We expect Saudi organisations to increase investment in third-platform technologies.
Al-Helayyil: We expect Saudi organisations to increase investment in third-platform technologies.


 Spending on ICT products and services in Saudi Arabia will increase 4.6%, year on year, in 2015, to total $36.95bn, according to International Data Corporation's newly released predictions for the year ahead.

IT services will see the fastest growth, with the year characterised by growing interest in hybrid cloud solutions as the flexibility of the model begins to resonate with Saudi CIOs looking for a viable and effective halfway house between on-premise technology and remotely delivered services.

"Over the coming 12 months we expect organisations in Saudi Arabia to increase their investments in the third-platform technologies of cloud, mobility, analytics, and social networking," says Abdulaziz Al-Helayyil, IDC's regional director for Saudi Arabia, Kuwait, and Bahrain.

"The expanding use of applications, mobile devices, social media, and other technologies will result in an explosion of data within many Saudi organisations, leading many of them to invest in storage infrastructure, data mining, and analytics applications. As such, demand for storage devices, BI tools, and backup and recovery solutions is expected to remain high in 2015."

REGISTER NOW | Webinar Event | Security you can bank on – Safeguarding the Middle East’s financial sector

Presented in partnership with security and network specialist Cybereason, the second in the three part webinar series will bring together a panel of experts to discuss how banks and financial institutions are evolving their service offering while simultaneously staying one step ahead of the cyber criminals who seek to bring their operations crashing to the ground.

Editor's Choice

Emerson expands analytics platform for industrial enterprise-level wireless infrastructure management
Plantweb Insight platform adds two new Pervasive Sensing applications that manage wireless networks more efficiently with a singular interface to the enterprise
Digitalisation seen as a competitive advantage by Middle East private businesses
Nearly 80 per cent of private business leaders acknowledge that digitalisation can impact business sustainability
Etisalat introduces Multi-Access Edge Computing architecture delivering best-in-class video streaming performance for 5G networks
MEC architecture achieves performance gains of as much as 90% in video streaming, validating how ultra-low-latency applications will be delivered over 4G and 5G networks

Most popular

Don't Miss a Story