IT services hold key to growth of Middle East technology sector
Growth in Middle East technology sector can outpace that of the US and Western Europe provided certain key issues are resolved, according to Computer Associates (CA-ME). New research from IDC Middle East suggests that, unlike Western Europe and the US, growth in the region’s IT sector continues to trend upwards despite recent world events.
New data even suggests that the slowdown in the US could have a positive “spillover” effect, as investment flows towards the region. However, if it is to continue, this growth needs to be fuelled by ongoing innovation from companies in the region. A key area highlighted is the need for the more dynamic IT services within the Middle East, which at the moment represent about 30 percent of the overall technology market.
CA-ME released this data at a recent Executive Exchange networking forum in Beirut, Lebanon. Presented under the theme, Managing Tomorrow’s Business Today, the event brought together chief information officers (CIOs) from some of the region’s most prominent organizations to discuss the opportunities and challenges for the Middle East in the IT arena.
Speakers highlighted the importance of business continuity solutions - including security, storage, information management and enterprise management - and greater knowledge sharing between industry professionals as critical steps to ensuring stability and growth within the IT sector. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
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