In 2018, the MENA region will exhibit its highest IT spending increase in the last three years. Software is projected to exhibit the strongest growth in 2018, with a 12.7 percent increase year over year. “Digital business transformation is creating new industry revenue streams. In 2018, the leading segments driving IT spending growth in the region are banking and securities growing at 3.6 percent, insurance at 2.9 percent and retail at 2.8 percent. Gartner’s quarterly IT spending forecasts offer a unique perspective on IT spending across hardware, software, IT services and telecommunications segments.

Source: The North Africa Journal March 05, 2018 09:45 UTC