Industry Brief & Business Environment
The IT industry in the UAE is a thriving one, with figures showing growth for the region and its industry for the next decade. Growth in this market can be attributed to the rising real estate prices and growth of the tourism sector that will help sustain demand for IT products and services in the future.
IT spending remains vibrant, with the market expected to register around 13 per cent growth to $7.3 billion (Dh26.8 billion) in 2013 compared to $6.5 billion last year, mainly fuelled by hardware sector — smartphones, computers and media tablets.
Several refresh cycles are coming up this year which will require increased spending, plus with Windows 8 we are going to see some incremental spending with new computer refurbishments.
Spending on hardware is likely to register around 14 per cent growth while IT services to register 12 per cent growth this year.
Media tablets will grow 37 per cent in value terms, followed by computers by 15 per cent and smartphones by 12 per cent this year as computer refresh cycles happen every two to two-and-a-half years
Worldwide IP traffic will quadruple by 2015 as two billion people on the Internet at the same time with 10 billion internet-connected devices.
SMEs are expected to contribute around 25-35 per cent to IT spending and their overall contribution is becoming quite important now
Business Activities
Information technology software development can range from mobile phone application creation to anti-virus software updating to Hardware developers.
Hardware developers within Dubai focus primarily on issues regarding sales & maintenance of imported hardware products and setting up system networks within the corporate and private sectors.
Software and IT industries provide the IT backbone on which Government projects and corporate offices use to run their businesses in the UAE.
Major MNC’s like Apple,