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ICT spending in Malaysia to reach US$25.2bn 2023, says GlobalData

The information and communication technology (ICT) market in Malaysia is set to grow at a compound annual growth rate (CAGR) of 8.9% between 2019 and 2023.This growth from 2018 US$16.5bn to US$25.2bn in 2023, will mainly be supported by the rising adoption of ‘client computing’ and ‘cloud computing’, says GlobalData, a leading data and analytics […]
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ICT spending in Saudi Arabia will reach US$46.6bn by 2023

ICT spending in Saudi Arabia is set to grow at a compound annual growth rate (CAGR) of 9.2% between 2019 and 2024, to reach US$46.6bn, says GlobalData, a leading data and analytics company. The growth in ICT spending will be primarily driven by increased spending by enterprises in client computing and cloud computing technologies during the […]
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ICT spending in UAE will reach US$23bn by 2024, says GlobalData

The United Arab Emirates (UAE) continues to be among the most attractive ICT markets in the Middle East, driven by digitalization initiatives and aided by the increased adoption of leading technologies such as cloud, big data analytics, internet of things (IoT) and artificial intelligence (AI). As a result, ICT spending in the UAE is estimated […]
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ICT spending in Kuwait will reach US$10.1bn by 2024

ICT spending in Kuwait is estimated to grow at a compound annual growth rate (CAGR) of 10.2% between 2019 and 2024, reaching US$10.1bn by 2024. Growth will be driven by the increasing adoption of advanced technologies including artificial intelligence (AI), big data, cloud computing and Internet of Things (IoT), according to GlobalData, a leading data and analytics company. Anshuma Singh, Technology Analyst at GlobalData, comments: “Kuwait Government’s continued emphasis on the digital transformation of both public […]
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ICT spending in Qatar will reach US$9bn in 2024

ICT spending in Qatar is set to grow at a compound annual growth rate (CAGR) of 9.2% during the period 2019-2024, to reach US$9bn by 2024. Growth will be moved forward by the development of large-scale, infrastructure-driven and government-led projects in the transportation, energy and construction sectors, says GlobalData, a leading data and analytics company. GlobalData predicts […]
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ICT spending in Oman will reach US$5.6bn in 2024

ICT spending in Oman is estimated to grow at a compound annual growth rate (CAGR) of 11.3% from around US$3.2bn in 2019 to US$5.6bn in 2024. Growth will be driven by e-governance and related supporting framework policies, as well as a rise in e-commerce and on-going developments in cloud services, says GlobalData, a leading data […]
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Dorsey’s deal a test of Twitter’s character

A deal between Twitter CEO Jack Dorsey and rebel investment firms Silver Lake and Elliot Management has saved Dorsey’s position at the company. It follows Dorsey’s decision to reconsider plans to move temporarily to Africa to explore investment opportunities. Oliver Lockett, Analyst in the Thematic Research Team at GlobalData, a leading data and analytics company, […]
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Mobile data services and fixed broadband to drive telecom service revenue growth in Philippines through 2019-2024, says GlobalData

The total telecom and pay-TV services revenue ($US) in the Philippines is set to grow at a compound annual growth rate (CAGR) of 4.09% between 2019 and 2024, mainly supported by the rising adoption of mobile data and fixed broadband, says GlobalData, a leading data and analytics company. According to GlobalData’s Fixed Communications, Mobile Broadband […]
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ICT spending in Bahrain to reach US$2.1bn by 2024

IT spending in Bahrain is estimated to grow at a compound annual growth rate (CAGR) of 8.6% from US$1.4bn in 2019 to US$2.1bn in 2024, driven by liberal business policy and advanced infrastructure, says GlobalData, a leading data and analytics company. Energy and BFSI will be the sectors witnessing the fastest growth during the period, […]
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Salesforce further strengthens its vertical-specific CRM capabilities through Vlocity acquisition

Following the news that Salesforce has acquired Vlocity in an all-cash deal worth US$1.33bn, Sunil Kumar Verma, Lead ICT Analyst at GlobalData, a leading data and analytics company, offers his view: “Salesforce will be able to leverage Vlocity’s capabilities to further strengthen its platform offerings and enhance its presence across key industry verticals, where Vlocity has its customer base. “Indeed, Vlocity has a strong presence across several verticals, which include energy, health, insurance, utility, government organizations, […]
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