Tuesday, Feb 28, 2017Dubai: IT (Information Technology) spending in the Middle East and North Africa is expected to rise 2.4 per cent in 2017 to reach $155.8 billion, driven by sectors such as banking, securities, and communications driving that growth. AdvertisementGartner’s report projected IT spending will reach $161 billion in 2018 (up 3.3 per cent), $165 billion in 2019 (up 2.5 per cent), and $168.8 billion in 2020 (up 2.3 per cent). One of the key sectors utilising technology, however, is oil and gas, especially after the mid-2014 plunge in crude oil prices. In 2017, Gartner expects the devices segment to represent nearly 17 per cent of total IT spending, and to see a 4 per cent growth rate. Meanwhile, software spending is projected to increase 9 per cent, with infrastructure software spending set to increase 6 per cent, Gartner said.

Source: The North Africa Journal March 01, 2017 06:06 UTC