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It Market To Double In Middle East And North Africa By 2008, Says IDC

HP together with International Data Corporation (IDC), last week discussed the implications of the enormous growth that the IT industry is facing in the Middle East and North African (MENA) region.

Joseph Hanania, Managing Director of HP Middle East. IDC revealed that the MENA region is set to grow from USD6.9 billion in 2003 to around USD13.4 billion by 2008 with all countries' expenditure on IT growing significantly but with a particularly marked increase in both Saudi Arabia and the Maghreb. The MENA region, which IDC defines as the Arab Middle East and North Africa, is currently the third fastest growing IT market in the world after India and China.

The MENA region, according to IDC, is currently growing at around 15 percent, a figure that has remained reasonably stable over the last three years. Among the key trends that IDC is witnessing in the region is consolidation of servers in the enterprise. 'The strategy being adopted by many large organisations in the region is to operate on one large mainframe supported by four to five mid-range servers,' said Jyoti Lalchandani, Regional Director, IDC, Middle East and North Africa. 'In the SMB space, however, we are seeing the opposite effect. We believe that the rapid emergence of this particular sector as a significant investor in technology in the region has led to a large number of vendors focusing a great deal of attention on this sector.

Marseille,11 02 2004
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