Worldwide End Users Will Spend US$1.2 Trillion On Information Technology In 2006 – IDC
October 8, 2006 (Press Release) --
GITEX 2006 will once again live up to its international reputation as one of the leading global exhibitions in the IT & communications industry, as it plays host to over 3,000 participating companies from more than 60 countries announced organiser Dubai World Trade Centre (DWTC).
The 26th edition of the premier trade event is scheduled to be held from 18-22 November 2006 at the Dubai International Convention and Exhibition Centre. The exhibition will reflect the latest advancements in the ICT industry including revolutionary products and innovations that will take the digital world by storm as well as developments in global technology markets. GITEX will also benefit from the collocation of the new Telecoms exhibition, GULFCOMMS, an exclusive event to focus on the region’s burgeoning telecommunications sector.
“We are delighted that GITEX continues to go from strength to strength, consistently providing the region with a global platform in which to do business, exchange ideas and form new alliances. As the IT market strengthens and spending in the Middle East and North Africa markets keeps on rising, we believe our role of a facilitator becomes even more crucial,” commented Helal Saeed Al Marri, Director General, DWTC
There are strong indications by tracking the global IT spending growth trends that the region is primed to spend more, with the governments across the region keen to bring in the latest technology. Various government and private sector organisations have been gearing up for the advent of fresh and innovative technologies that are ushered in every year during GITEX.
Latest estimates from international market research firm IDC predict that worldwide end users will spend US$1.2 trillion on information technology in 2006 and IT spending will increase at a compound annual growth rate (CAGR) of 6% to reach US$1.5 trillion in 2010.
In the region, the UAE and Saudi Arabia account for 77% of the Gulf’s current annual IT spend of US$ 4.94 billion (18.12 billion AED). Industry estimates show that Middle East and North Africa (MENA) IT market is set to grow from US$ 6.9 billion in 2003 to US$ 13.4 billion by 2008.
Riding on this, GITEX is now sold out with many of the key players on board including Microsoft, Oracle, Sony, Hewlett Packard and Dubai Internet City as well as 25 country exhibits with new entries from Portugal, Hungary and the USA.
New for this year, GULFCOMMS, will be held in the newly built 15,000 M2 Zabeel Hall, aims to bring together some of the world’s largest and most innovative companies in the telecommunications sector, including operators and specialists in mobile communications, network development, satellite applications, IP technology and infrastructure solutions.
“The Middle East’s telecommunications sector has perhaps the most potential for growth of any market in the world, so there has been strong demand for a dedicated industry event which can provide a professional platform for business
The 26th edition of the premier trade event is scheduled to be held from 18-22 November 2006 at the Dubai International Convention and Exhibition Centre. The exhibition will reflect the latest advancements in the ICT industry including revolutionary products and innovations that will take the digital world by storm as well as developments in global technology markets. GITEX will also benefit from the collocation of the new Telecoms exhibition, GULFCOMMS, an exclusive event to focus on the region’s burgeoning telecommunications sector.
“We are delighted that GITEX continues to go from strength to strength, consistently providing the region with a global platform in which to do business, exchange ideas and form new alliances. As the IT market strengthens and spending in the Middle East and North Africa markets keeps on rising, we believe our role of a facilitator becomes even more crucial,” commented Helal Saeed Al Marri, Director General, DWTC
There are strong indications by tracking the global IT spending growth trends that the region is primed to spend more, with the governments across the region keen to bring in the latest technology. Various government and private sector organisations have been gearing up for the advent of fresh and innovative technologies that are ushered in every year during GITEX.
Latest estimates from international market research firm IDC predict that worldwide end users will spend US$1.2 trillion on information technology in 2006 and IT spending will increase at a compound annual growth rate (CAGR) of 6% to reach US$1.5 trillion in 2010.
In the region, the UAE and Saudi Arabia account for 77% of the Gulf’s current annual IT spend of US$ 4.94 billion (18.12 billion AED). Industry estimates show that Middle East and North Africa (MENA) IT market is set to grow from US$ 6.9 billion in 2003 to US$ 13.4 billion by 2008.
Riding on this, GITEX is now sold out with many of the key players on board including Microsoft, Oracle, Sony, Hewlett Packard and Dubai Internet City as well as 25 country exhibits with new entries from Portugal, Hungary and the USA.
New for this year, GULFCOMMS, will be held in the newly built 15,000 M2 Zabeel Hall, aims to bring together some of the world’s largest and most innovative companies in the telecommunications sector, including operators and specialists in mobile communications, network development, satellite applications, IP technology and infrastructure solutions.
“The Middle East’s telecommunications sector has perhaps the most potential for growth of any market in the world, so there has been strong demand for a dedicated industry event which can provide a professional platform for business
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