Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Finance
IT Market in MEA Region 2012-2016

MEA IT market: 7.5% CAGR growth expected between 2012-16


Print article Print article
© companiesandmarkets.com

companiesandmarkets.com
companiesandmarkets.com
2014-04-18 14:15:03 - IT Market in MEA Region 2012-2016 - a new market research report on companiesandmarkets.com

The MEA IT market is to grow at a CAGR of 7.51 percent over the period 2012-2016. The increasing number of government initiatives is one of the key factors contributing to the market growth. The IT market in the MEA region has also been witnessing increased adoption of cloud services. However, the increasing number of hacker attacks and cybercrime could pose a challenge to the growth of this market.

One of the main trends witnessed in the IT market in the MEA region is the increasing adoption of virtualized environment. Organizations in the MEA region have started realizing the significant benefits associated with IT virtualization. Server virtualization technology, where a physical server acts as many servers, enables organizations to reduce the

 

 

number of actual physical servers in their data centers. This in turn helps organizations develop an economical cost structure by reducing their physical hardware costs and their energy costs for the infrastructure. This is also one of the most popular ways for organizations to adopt green IT initiatives.

One of the main factors driving the market is the increasing demand for IT solutions in banking. Many banks across this region have started using cloud computing and virtualization solutions. Most of the banks are using these technologies to control cost and deliver business growth.

One of the main challenges is the lack of talented professionals in the MEA region. In the competitive business environment, companies are adopting cost-cutting strategy, therefore they are not investing in training and education related to big data management.

The key vendors dominating this space include Dell Inc., Hewlett-Packard Co., IBM Corp., and Oracle Corp.

The other vendors mentioned are AFI Infotech, AfricTek, Caseray Solutions Limited, Craft Silicon, Delta Software, Dimension Data Holdings, DreamOval, EBOX, FACTS Computer Software House, Fujisoft technology, MilSOFT, NiTSAK, RedCherry, Reliable IT Services, Softline, Qme software, and Verbanet Technologies.

Click for report details: www.companiesandmarkets.com/Market/Information-Technology/Market ..

Browse all Information Technology Market Research Reports www.companiesandmarkets.com/Market/Information-Technology/Market ..

Browse all Information Technology Company Profile Reports www.companiesandmarkets.com/Market/Information-Technology/Compan ..

Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..

About Us
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.com’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.


Author:
Mike King
e-mail
Web: www.companiesandmarkets.com
Phone: London: +44 (0) 203 086 8600

Disclaimer: If you have any questions regarding information in these press releases please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims contents contained in this release.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com