Dallas, TX -- (ReleaseWire) -- 02/07/2014 -- Many investors across the globe are focusing on GCC countries. Investors are being attracted by the large market size and high purchasing power of GCC countries. Also, the increasing focus on non-oil sectors by governments of GCC countries is another factor that has led to increased interest among investors. The UAE and Saudi Arabia top the list in terms of FDI, while Kuwait and Qatar are still catching up. GCC countries were the recipients of around 5 percent of global FDI in 2013. The IT sector has attracted 10-12 percent of the total number of FDI deals in the GCC during the last five years. Various IT investment programs and e-government initiatives are key reasons why the IT industry is a lucrative option for investors.
Analysts forecast the IT market in GCC (http://www.sandlerresearch.org/it-market-in-gcc-2014-2018.html) to grow at a CAGR of 8.49 percent over the period 2013-2018. According to the report, the adoption of cloud services is still in the early stages in the GCC. Although only one-third of GCC enterprises are currently using some form of cloud, many others are showing increased interest in it. It has been observed that there is a specific interest among organizations in adopting private clouds, and Telecom is one of the largest spending sectors in this area.
Further, the report states that GCC countries are highly vulnerable to cyber attacks as they are a prime target for cyber criminals. There have been attacks on government, financial institutions, and some MNCs.
The report recognizes the following companies as the key players in the IT Market in GCC : Dell Inc., Hewlett Packard Co., IBM Corp. and Lenovo Group Ltd.
Other vendors mentioned in the report are Apple Inc., Brocade Communication Systems Inc., Cisco Systems Inc., EMC Corp., Fortinet Inc., Injazat Data Systems Ltd., Letosys Computer Systems LLC., Middle-East Data Systems Holdings, Oracle Corp., and Sage Group plc.
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Key questions answered in this report:
-What will the market size be in 2018 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?