NETGEAR sets QAR 10 million revenue goal for Qatar by 2013

Press release
Published July 19th, 2011 - 07:29 GMT

NETGEAR, a worldwide provider of technologically advanced branded networking and storage products, has revealed plans to penetrate and create a stronger market presence in Qatar’s ICT segment and has ultimately set a QAR 10 million revenue goal in 2013. The move complements the latest Qatar IT Industry report released by the International Data Corporation (IDC) stating that the country’s rapidly developing ICT segment is posed to reach a value of QAR 13.47 billion over the next two years. The report shows that the country’s telecommunications, government, oil & gas, and finance vertical markets have been identified as market segments with high IT spending which reflect Qatar’s move to diversify and increase the private sector’s role and participation in the move towards development. NETGEAR’s move to reach a revenue goal in 2013 follows the company’s recent participation at QITCOM 2011, the leading platform for Information and Communication Technology in Qatar. 

According to the IDC report, Qatar is also ripe to embrace the growing presence of SME’s as a major part of the country’s growth and development. SME’s, along with other segments, are expected to infuse a lot of investments in IT infrastructure and other related solutions to help streamline operations and keep pace with their competitors. NETGEAR is planning to leverage its wide range of products across the country’s various industry verticals. Among the company’s broad product portfolio, NETGEAR is currently promoting its current line of storage systems that are aimed at both home and business users, which range from 248GB enterprise rack units to the little two-bay ReadyNAS designed for home, small office use. The NETGEAR ReadyNAS Ultra 6 is a six-bay unit that is powered by a dual-core 1.66Ghz Intel Atom processor and 1GB of DDR2 RAM, which can deliver up to 15 concurrent streams. 

“Qatar’s ICT market has been witness to dramatic growth and development over the last few years, with analysts predicting continuous growth and subsequently reaching a value of over QAR 13.47 billion in two years,” said Ahmed Zeidan, Channel Sales Manager, NETGEAR Middle East. “This expected growth has drawn the attention of businesses wanting to play a major role in the sector’s development. NETGEAR's confidence in Qatar’s ICT growth is reflected in our move to roll out strategic networking and storage products that can address the demands and requirements of various industry verticals." 

According to NETGEAR senior officials, the QAR 10 million revenue target reflect the company’s confidence in Qatar’s emerging market potential, which has been ably boosted by the announcement of the country’s hosting of the FIFA World Cup in 2022. The company was also responsible for the successful implementation of strategic storage systems for the CCTV cameras used at the recent Asian Cup in Qatar. During its participation at QITCOM Conference & Exhibition, the company showcased its latest range of products like the UTM 25, ReadyNAS 3200, VPN and the WMS 5316. The WMS5316 is a central wireless management system for up to 16 APs and also features Wireless-N Reliable, which is a secure and simple central wireless system for businesses and schools with 50 to 200 users. Meanwhile, the ProSecure Unified Threat Management (UTM) Appliances combine performance with comprehensive security coverage. The UTM offers patent-pending stream scanning technology, which enables the ProSecure UTM to utilize virus and malware threats. 

“NETGEAR has managed to maintain strong ties with leading companies and strategic channel partners in Qatar. These companies have reported positive results from utilizing our products. We remain highly dedicated to its standing commitment to provide its customers with world class high quality solutions that promise on reliability and effectiveness. We look forward to presenting our customers with an integrated suite of solutions that can help drive in an increase in productivity and efficiency,” said Zeidan. 

Background Information

NETGEAR Middle East

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