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MEA IT market: 7.5% CAGR growth expected between 2012-16
IT Market in MEA Region 2012-2016 - a new market research report on 2014-04-18 14:15:03
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.

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