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FINANCIAL NEWS
UAE to post 13% rise in 2013 IT spend
14 Jan 2013
(MENAFN) IDC vice-president and managing director for Middle East, Africa, and Turkey, Jyoti Lalchandani, stated that information technology (IT) spending in the UAE will jump by nearly 13 percent in 2013 to USD7.3 billion, reported Gulf News.
Lalchandani said that the figure, compared with USD6.5 billion in 2012, will be pushed by economic growth and higher consumer sentiment.
This year’s spending will be driven by the hardware sector, including smartphones, computers and media tablets, which will see a 14-percent rise in spending, followed by IT service with 12-percent gain.
In terms of value, media tablets will climb by 37 percent, followed by computers by 15 percent, whereas smartphones will grow by 12 percent.
It is worth noting that IT spending in Saudi Arabia will go up by 15.5 percent during the current year, whereas it will rise by almost 8 percent in Qatar.
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