28 Dec 2014
(MENAFN) According to the International Data Corporation, Saudi Arabia’s spending on ICT products and services is expected to register an increase by 4.6 percent in 2015 to amount to USD36.95 billion, Emirates 24/7 reported.
The report said that IT services are predicted to record the fastest growth due to growing interest in hybrid cloud solutions, as well as increased investments by Saudi organizations in the 3rd Platform technologies of cloud, mobility, analytics, and social networking.
“The expanding use of applications, mobile devices, social media, and other technologies will result in an explosion of data within many Saudi organizations, leading many of them to invest in storage infrastructure, data mining, and analytics applications,” IDC’s regional director for Saudi Arabia, Kuwait, and Bahrain said.
IDC also said that the Saudi ICT market will continue to grow as well next year, with spending projected to exceed USD36 billion, in addition to the smartphones market, with expectations that there will be over 16 million smartphones in use in the kingdom by the end of 2015, with a 28 percent increase in LTE device shipments.
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more