cxo voice
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release
No Result
View All Result
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release
No Result
View All Result
Leaders Talk and Latest Tech News | CXO VOICE
No Result
View All Result
Home News

Gartner Says MENA IT Spending is Projected to Reach $160 Billion in 2019

News Desk by News Desk
March 5, 2019
MENA IT Spending

Middle East and North Africa (MENA) IT spending is expected to reach $160 billion in 2019, a 1.8 percent increase from 2018, according to the latest forecast by Gartner, Inc. Consumer spending in MENA has reached a tipping point.

Speaking with John Lovelock “In 2019, businesses in MENA are set to increase their IT spending in all segments except for the devices segment, distinguished research vice president at Gartner. The achievement of a 1.8 percent growth rate this year is placing MENA 7th out of the 11 regions tracked by Gartner in 2019.

Consumers are on pace to spend $532 million on upgrading or replacing their mobile phones in 2019, and expect to spend $63.7 billion on mobile services in 2019, up $1 billion from 2018. In the enterprise sector, organizations in MENA are increasing their IT spending on software, which continues to be the fastest growing sector in 2019.

Nevertheless, despite the rapid growth of software as a service in the region (25.8 percent in 2019), the region is below the global average for the percentage of total cloud spending. “The MENA region is not expected to reach the level of cloud usage that the United States had in 2017 until the end of 2022,” said Mr. Lovelock.

Enterprise Software to Achieve Double-Digit Growth in 2019

Software and IT services are projected to exhibit the strongest growth in 2019, with an 11.5 and 7.5 percent increase year over year respectively (see Table 1). “Most organizations in the MENA region are paying off years of technology deficits, and implementing software systems that standardize and automate existing business processes,” said Mr. Lovelock. “Only a few leading local organizations are overcoming technology hurdles, and moving more quickly toward artificial intelligence and digital business systems, and participation in digital business ecosystems.”

Table 1. (Middle East & North Africa) MENA IT Spending Estimates (Billions of U.S. Dollars)

ADVERTISEMENT


2018 Spending


2018 Growth (%)

2019 Spending


2019 Growth (%)


2020 Spending

2020 Growth (%)
Data Center Systems4,8936.04,9952.14,874 -2.4
Enterprise Software5,8647.36,53811.57,266 11.1
Devices27,493-3.626,881-2.227,114 0.9
IT Services11,0454.511,8717.512,783 7.7
Communications Services108,0991.2109,9921.8111,333 1.2
Overall IT157,3950.9160,2771.8163,369
1.9

 Source: Gartner (March 2019)

The communications services segment, the largest spending segment in MENA and the fourth fastest growing segment in the world, is set to increase 1.8 per cent year over year.

Organizations in MENA plan to reduce spending on their fixed line. However, the expected decline in the fixed line market (-1.8 percent in 2019) will not lead the communications services market to a decline.

The devices market is projected to exhibit a decline of 2.2 percent in 2019. “While coverage continues to expand throughout the region, sales of mobile phones, particularly among consumers have stalled or declined in some countries. In addition, it is worth noting that the stabilization of the mobile phone installed base for consumers and businesses has not yet led to a price war among local providers,” said Mr. Lovelock.

Banking and Securities Industry Spending Set to Grow 5 Percent in 2019

In MENA, The banking and securities industry is projected to total $13.2 billion in 2019, the largest IT spending among 11 industries. It will also exhibit the fastest growth rate at 5 percent year over year. “Banks in MENA must keep investing in IT in order to participate in the international banking system. At the same time, IT security has always been on the radar and has now become the No. 1 priority for senior banking executives,” said Miriam Burt, managing research vice president at Gartner.

In MENA, The transportation, education and wholesale trade sectors are on pace to achieve growth of 1.0 percent, 2.4 percent and 2.8 percent this year respectively, and are set to be the three industries achieving the weakest IT spending growth rates in 2019.

  • Read More: Data Center Outage: The $9,000-Per-Minute Cost You Want to Avoid

Gartner’s IT spending forecast methodology relies heavily on rigorous analysis of sales by thousands of vendors across the entire range of IT products and services. Gartner uses primary research techniques, complemented by secondary research sources, to build a comprehensive database of market size data on which to base its forecast.

News Desk

News Desk

by CXO VOICE team memebrs, [email protected]

Related Posts

Genpact XponentL
Business

Genpact Strengthens AI Capabilities with Acquisition of XponentL Data

June 6, 2025
Tata Submarine Cable
Business

Tata Communications Unveils TGN-IA2 Submarine Cable to Supercharge Next-Gen Global Connectivity

June 5, 2025
LTTS and Tennant
Business

LTTS Partners with Tennant Company to Accelerate Innovation in Sustainable Cleaning Technologies

June 4, 2025
Accenture and SIPAL
Business

Accenture to Acquire SIPAL’s Integrated Product Support Business, Enhancing Engineering Services in Aerospace and Defense

June 3, 2025
HCLTech and UiPath
Business

HCLTech and UiPath Join Forces to Revolutionize Automation and Enhance Business Efficiency Globally

June 3, 2025
(L-R) Amit Kapur, Country Head - UK & Ireland, TCS; Shai Weiss, CEO - Virgin Atlantic Signing the Partnership Document
Press Release

Virgin Atlantic and TCS Extend Two-Decade Partnership to Modernize Airline Operations

June 3, 2025
Michael Gonda
People

Michael Gonda Named New Executive Vice President and Chief Communications Officer at NIKE

June 3, 2025
ANACITY Partners with Spintly
Press Release

ANACITY Partners with Spintly to Deploy IoT-Powered Smart Access Mobile Apps Across Commercial Offices

June 3, 2025
Load More
ADVERTISEMENT

Latest Updates

Genpact XponentL

Genpact Strengthens AI Capabilities with Acquisition of XponentL Data

by News Desk
1 day ago

Tata Submarine Cable

Tata Communications Unveils TGN-IA2 Submarine Cable to Supercharge Next-Gen Global Connectivity

by News Desk
3 days ago

LTTS and Tennant

LTTS Partners with Tennant Company to Accelerate Innovation in Sustainable Cleaning Technologies

by News Desk
4 days ago

Accenture and SIPAL

Accenture to Acquire SIPAL’s Integrated Product Support Business, Enhancing Engineering Services in Aerospace and Defense

by Deepa Sharma
4 days ago

HCLTech and UiPath

HCLTech and UiPath Join Forces to Revolutionize Automation and Enhance Business Efficiency Globally

by Deepa Sharma
5 days ago

(L-R) Amit Kapur, Country Head - UK & Ireland, TCS; Shai Weiss, CEO - Virgin Atlantic Signing the Partnership Document

Virgin Atlantic and TCS Extend Two-Decade Partnership to Modernize Airline Operations

by News Desk
5 days ago

Expert Views

Opinion

When AI Empowers Both Networks and Hackers: The New Battlefield for India’s Telecoms

May 20, 2025
Molly Sands AI
AI

AI RIP: 5 Things Knowledge Workers Will Say ‘Sayonara’ to in the Next Decade

March 8, 2025
multi cloud
Cloud

Multi-Cloud Made Simple: Strategies for Smart Business Management

March 5, 2025
Soft Skills
Opinion

Soft Skills and Technical Know-How: A Winning Combination in the Tech Industry

March 4, 2025
Digital Freedom
Cyber Security

Your Data, Their Gold: The Silent Battle for Digital Freedom

February 25, 2025

Get Latest Update

Subscribe to our mailing list to receives newsletter direct to your inbox!

ADVERTISEMENT

Leaders Interviews

Steve Wilson, GenAI Cybersecurity LLMs
Cyber Security

How effective is GenAI in cybersecurity? The role of LLMs and AI in security solutions. [Interview with Steve Wilson]

-
Interview on Counterfeit products with Nikhil Narayan
Leaders Talk

Advancements in ML & AI made it possible to detect counterfeit products in real-time, says Nikhil Narayan

-
Newgenone bridges the gap between business users and IT teams with its low code capability: Varun Goswami
Leaders Talk

Newgenone bridges the gap between business users and IT teams with its low code capability: Varun Goswami

-
AI chatbots, Prasanna-Kumar
Leaders Talk

Can AI chatbots enhance customer experience and reduce the cost of serving customers?

-

Entrepreneur

Samsung Electronics appoints its first female president

Inspiring Women Entrepreneurs in India (2022)

Technology Adoption For Entrepreneurs

Volunteering management is the need of the Hour

CXOVoice.com is a leading online publication for CXOs, entrepreneurs, senior leaders, developers, and industry professionals. Our coverage spans key sectors, including IT, technology, banking, finance, cybersecurity, engineering, and automobiles.

Connect with us

Easy Links

  • Cryptocurrency
  • Event
  • Blockchain
  • Press Release
  • Resources & Downloads

Write Us

[email protected]
  • Home
  • About Us
  • Contact Us
  • Advertise
  • Privacy & Policy
  • Feedback

Copyright © 2025 CXOVoice - All Right Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/

No Result
View All Result
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release

Copyright © 2025 CXOVoice - All Right Reserved