|By PR Newswire||
|April 24, 2014 10:19 AM EDT||
DUBLIN, Apr. 24, 2014
/PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/df3jsm/it_market_in_gcc) has announced the addition of the "IT Market in GCC 2014-2018" report to their offering.
The analysts forecast the IT market in GCC to grow at a CAGR of 8.49 percent over the period 2013-2018. One of the key factors contributing to this market growth is the growing demand for cloud services. The IT market in GCC has also been witnessing increasing FDI inflows. However, the shortage of skilled workforce could pose a challenge to the growth of this market.
The report, the IT Market in GCC 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers GCC; it also covers the IT market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Many investors across the globe are focusing on GCC countries. Investors are being attracted by the large market size and high purchasing power of GCC countries. Also, the increasing focus on non-oil sectors by governments of GCC countries is another factor that has led to increased interest among investors.
The UAE and Saudi Arabia top the list in terms of FDI, while Kuwait and Qatar are still catching up. GCC countries were the recipients of around 5 percent of global FDI in 2013. The IT sector has attracted 10-12 percent of the total number of FDI deals in the GCC during the last five years. Various IT investment programs and e-government initiatives are key reasons why the IT industry is a lucrative option for investors.
According to the report, the adoption of cloud services is still in the early stages in the GCC. Although only one-third of GCC enterprises are currently using some form of cloud, many others are showing increased interest in it. It has been observed that there is a specific interest among organizations in adopting private clouds, and Telecom is one of the largest spending sectors in this area.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
06. Market Landscape
07. Country-wise Segmentation
08. Market Segmentation by Type
09. Market Segmentation by End-users
10. Buying Criteria
11. Market Growth Drivers
12. Drivers and their Impact
13. Market Challenges
14. Impact of Drivers and Challenges
15. Market Trends
16. Trends and their Impact
17. Vendor Landscape
18. Key Vendor Analysis
19. Other Reports in this Series
- Dell Inc.
- Hewlett Packard Co.
- IBM Corp.
- Lenovo Group Ltd.
For more information visit http://www.researchandmarkets.com/research/df3jsm/it_market_in_gcc
Media Contact: Laura Wood , +353-1-481-1716, [email protected]