Aranca | MENA Tourism and Hospitality– May 2014 | Special Reports
Information and Communication Technology Spends in GCC | An Aranca Infographic
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©2014 Aranca. All Rights Reserved. www.aranca.com If you wish to reproduce or use this infographic in any format, please email us at [email protected] Compiled by: Vibin Theril Information & Communication Technology Spends in GCC Investments in technology parks, rising FDI, growing e-commerce are likely to drive ICT spend amongst the three largest markets in GCC ICT SPENDING GROWTH FORECAST (USD BN) Significant investments in e-commerce related platforms, incubation centers & smart cities Growing gadget tech savvy youth population coupled with entry of foreign players in the GCC region, will speed up mobile and broadband penetration Federal eGovernment Plan 2012-2014 to implement 36 initiatives in a span of 2 years to improve eServices and eReadiness Increasing investments in technology parks across the emirate & incubation centers would foster IT growth Expected increase in adoption of ICT services across educational institutions An ambitious five year plan with government planning to invest US$1.7bn over next 4-5 years for upgrading telecom infrastructure 24.8 33.3 2012 2015 SAUDI ARABIA UAE QATAR CAGR 10.3% Source: Commercial Bank of Qatar, Zawya, Desk Research, Aranca Analysis Source: Commercial Bank of Qatar, Zawya, Desk Research, Aranca Analysis Source: Commercial Bank of Qatar, Zawya, Desk Research, Aranca Analysis 15.3 23.8 2012 2015 CAGR 15.9% 3.1 4.4 2012 2015 CAGR 12.0%
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Information and Communication Technology spends in the GCC region is expected to grow. Investment in technology parks, rising FDI, growing e-commerce will be major driven factors for IT spending in the GCC region. CAGR forecast highlights that ICT spending is rising in Saudi Arabia, UAE, Qatar, etc.
Transcript of Information and Communication Technology Spends in GCC | An Aranca Infographic
©2014 Aranca. All Rights Reserved. www.aranca.comIf you wish to reproduce or use this infographic in any format, please email us at [email protected]
Compiled by: Vibin Theril
Information & CommunicationTechnology Spends in GCC
Investments in technology parks, rising FDI, growing e-commerce are likely to drive ICT spend amongst the three largest markets in GCC
ICT SPENDING GROWTH FORECAST (USD BN)
Significant investments in e-commerce related platforms, incubation centers & smart cities
Growing gadget tech savvy youth population coupled with entry of foreign players in the GCC region, will speed up mobile and broadband penetration
Federal eGovernment Plan 2012-2014 to implement 36 initiatives in a span of 2 years to improve eServices and eReadiness
Increasing investments in technology parks across the emirate & incubation centers would foster IT growth
Expected increase in adoption of ICT services across educational institutions
An ambitious five year plan with government planning to invest US$1.7bn over next 4-5 years for upgrading telecom infrastructure
24.8
33.3
2012 2015
SAUDI ARABIA
UAE
QATAR
CAGR10.3%
Source: Commercial Bank of Qatar, Zawya, Desk Research, Aranca Analysis
Source: Commercial Bank of Qatar, Zawya, Desk Research, Aranca Analysis
Source: Commercial Bank of Qatar, Zawya, Desk Research, Aranca Analysis
15.3
23.8
2012 2015
CAGR15.9%
3.14.4
2012 2015
CAGR12.0%
