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Middle East ICT market set to hit $20 billion by 2020

2/10/2014 by


The 34th edition of Gitex Technology Week will host more than 3,700 exhibitors, showcasing a range of innovative and exciting products and solutions.

Around 100,000 trade professionals are expected to visit the five-day event, which will start from October 12, it was announced at a news conference on Wednesday.

Buoyed by region-wide investment in smart technology spending, the region’s ICT market is set to jump from a projected $15 billion in 2014 to $20 billion in 2020, boosted by infrastructure spending by the government sector — the largest and fastest growing vertical market according to the IDC.

The event has also partnered the world’s top ICT leaders to share transformational developments with regional companies across the show’s four knowledge themes: smart, cloud, big data and mobility.

With market research company Gartner anticipating a growth rate of eight per cent in regional ICT spending this year — compared with global growth of just 2.1 per cent — Ahmed Al Khaja, senior vice-president for venues at the Dubai World Trade Centre, said: “The significant regional ICT spend demonstrates the region’s aspiration in technology empowerment, as reflected in Gitex’s four knowledge themes — smart innovation, cloud computing, big data and mobility — which are expected to accelerate over coming years in terms of regional spend.”

With Dubai’s Smart City roll-out predicted to catalyse an acceleration of smart city initiatives in other GCC countries, the exhibition will showcase a pioneering app-based Smart Journey Tour featuring more than 25 smart technology leaders, as well as government-led updates on the progress of the Dubai Smart City initiative.

Marwan bin Haider, executive director for planning and development at the Dubai Smart Government, said: “The region’s smart city developments demonstrate how GCC governments are increasingly innovating delivery of services to people and businesses. Gitex Technology Week is the leading platform to demonstrate best practices in government services and build support of the Dubai Smart Government as one of the world’s most efficient systems architects.”

As the show’s official Smart Experience Partner, etisalat is collaborating with Gitex Technology Week to provide visitors with a seamless registration process.

Abdulla Hashim, senior vice-president for digital services at etisalat, said: “Gitex continues to set the regional pace for ICT development, as evidenced by the upgraded smart experiences at this year’ show. As part of our partnership with the DWTC, etisalat is utilising the latest cutting-edge technology to ensure show visitors receive an innovative smart-themed experience which reflects the rapid developments across the UAE’s Smart technology sphere.”

The Big Data Conference on October 14 will educate on how big data can deliver new insights and enhance ROI in a global big data market poised to jump from $3.2 billion in 2013 to $15.1 billion by 2020. On the same day, the Cloud Confex will return as the region’s largest integrated cloud exhibition and conference.

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