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FINANCIAL NEWS
Middle East’s internet products to make USD270b in 2015
19 Oct 2015
(MENAFN) The Middle East will soon become the world leader in devices and consumer products connected to the Internet and expected to create an income of USD270 billion this year.
As the industry experts define it; Internet of Everything is a wide term that indicates devices and consumer products connected to the Internet and outfitted with expanded digital features.
Moreover, the Middle East is also involved in digital transformations with application of Internet of Things in drones, robotics, and 3D printing that can renovate the region’s business.
“Longer-term, the Middle East’s IT market is set to grow by 23 percent, from USD204 billion in 2014 to USD252 billion in 2019,” said a Gartner representative, the US IT research and advisory firm.
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