Market Analysis of GCC IT Industry
IT on Amazon
IT on Hubpages
- Professionalism and ETHICS in Information Technology
Ethics -This refers to the principles of right and wrong that can be used by individuas acting as free moral agent to make choices to guide their behaviour. Information Technology and Information system poses...
- Information Technology Career Choices
The demand for information technology professionals is expected to grow by more than 20% by 2018. Even better, the Bureau of Labor Statistics also predicts that more jobs will exist than qualified candidates...
- The Strategic Use Of Information Technology
TEACHER: Hello, Student. What do you know about Information Technology (IT)?STUDENT: Well, I know that most software is full of
- Human Resource Management and Information Technology
One of the functions where HRM is likely to be neglected is information technology. Most IT functions started as relatively small units. The new technology was both difficult and exciting. Initially, a high...
- The role of computers and information technology in ...
Computer based control systems can be combined with manufacturing technology, such as robots, machine tools, automated guided vehicles, to improve manufacturing operations. In this role, the computer can...
- Blaming The Victims: Colonized Information,Technolo...
Suppression and Propaganda The advent of the Internet has finally given some racist White South Africans something to say which they have nave not been able to say for many decades. It is not like the South...
- Human Resource Management and Information Technology...
Information technology, organization, and conflict seem to go together. Historically, there has been a great deal of conflict during the development of computing within most companies. Disagreement is bound...
- Choosing Information Technology Vendors and IT Servi...
A consolidation of Information Technology vendors can be good for a company, but it requires that the consumer find a vendor who can provide all the technology needed, as well as effective and efficient IT service support.
IT Industry in GCC
Market Analysis of GCC IT Industry
- The idea of choosing the best companies in GCC is to make a perfect combination and to take advantage of the active IT business environment in these regions
- IT industry in UAE, Kuwait, Lebanon, KSA and Oman is booming and it is the right time for KGL Investment to be an active participant in the market
Countries of Focus
• Kuwait IT Sector SWOT
Kuwait Software Industry
- Total spending on Software in 2005 was US$88mn and previous year US$70mn
- One of the mature market in the region
- Software enjoys a higher share of Kuwait IT spending than in many other countries
- Recent boost in oil wealth encouraging banks to support a new wave of infrastructure investment
- Expecting the total size of the Kuwaiti IT market to increase from US$338mn in 2005 to around US$830mn in 2010
- IT services market is expected to be worth around US$118mn in 2006
- Market CAGR is forecast at 21% for 2005 - 2010
UAE IT Sector SWOT
• UAE Software Industry
- Estimated UAE software spending will boom from US$236mn in 2005 to US$471mn in 2010
- Central geographic areas for the software industry are Dubai, Abu Dhabi, and Sharjah
- UAE market will have a CAGR of 15% in 2005-2010
Lebanon IT Sector SWOT
• Lebanon Software Industry
- Predicted software value of US$37mn in 2006, and a 2005-2010 CAGR of 11%
- Lebanon Market is expected to grow significantly with the Implementation of large government and projects
- The domestic software industry is highly export focused, with 1/3 of firms, according to a recent survey, getting 75% of all receipts from regional and Western markets
- Leading Lebanese software companies tend to have a focus on banking, retail, education and trade
Saudi Arabia IT Sector SWOT
• KSA Software Industry
- Predicted software market value of US$460mn in 2006, up from US$441mn in 2005
- The domestic software market is therefore expected to grow significantly, driven by an increased focus by Saudi enterprises on more sophisticated solutions that still offer value for money.
- The CAGR for software revenues is expected to be in the region of 11%
- Saudi IT services market is expected to reach US$1bn in 2006, up from US$719mn in 2005
- Support and maintenance accounted for more than 1/3 (US$252mn) of the 2005 figure
- Growth is expected to be at a CAGR of 12% for the 2005-2010 period
Overview of IT Spending
Path solutions Kuwait
- Kuwaiti Private company established in 1992
- Strong set-up of Islamic commercial & investment banking software and products solutions
- Dealing with one of the largest Islamic banks in the country and outside the country
- Ranked the world’s number one dedicated Islamic banking system vendor for 2005 in the influential international banking systems annual sales league table.
• Short profile
• Kuwaiti private company, established in 1991
• Employees 110
• Strong set-up of Local and International data communication infrastructure
• Providing Networking, internet services and mobile services
• Strong cliental profile
Emirates Technology Company
- Established in 1974 with the total employees of 250
- Strong network of branches in UAE
- Wide range of software solutions to the IT industry
- Strong Banking cliental portfolio in the country
- The company is using a world leading core banking software (Flexcube).
BML Istisharat Lebanon
- BML has a strong presence in IT and telecom industry in the country and worldwide
- The company has more 300 clients worldwide including fortune of 500 companies
- BML has strong cliental portfolio with one of the leading banking, investment and financial institutions
Comium Group Lebanon
• Lebanon base Joint stock privately owns company
• Established in 1992
• 600 Staff
• One of the major player in the country in telecom services
• Strong network of branches including Europe and America
• BML has strong cliental portfolio in the country and outside the country
National Technology Group KSA
- Established 1984 and the total number of employees are 500
- NTG has a strong presence in the market for a long time
- The company is enjoying a strong business relationship with a leading Saudi Arabia banking and other companies
- NTG have more than 10 subsidiaries in the Kingdom
- NTG is the leading IT services provider in the kingdom
Industrial Management Technology and Contracting Company
- Established in 1984 and total number of employees are 200
- Industrial management technology and contracting company is mature IT Company in Omani market
- The company has a strong cliental profile with outstanding IT solutions
- The company is specialized for Banking, transportation and financial software solutions.
Why These Companies
- Consumer oriented companies
- Corporate governance of these companies would be easy to change
- Strong presence in the market for a very long time
- Mature in IT industry
- Strong cliental portfolio private and government
- Comprehensive range of software and products
- Specialized in commercial, investment and Islamic banking software
- Knowhow of the market and good reputation
- Lead by high Professional teams
More by this Author
Medicinal and aromatic plants constitute a large segment of the flora which provides raw materials for Pharmaceutical, Cosmetic, Perfumery, Fragrance and Flavor Industries. It has been estimated that India is endowed...
ALOEVERA A. Aloe Vera Linn (Family - Liliaceae) is one of the 200 species of Aloe present in the world. It is a native of North Africa but presently found abundantly throughout the world. B. Aloe is derived from...
What Is a Project? Introduction The first stage in developing an understanding of project management is to define what a project is and, by contrasting with other production systems, what a project is...
No comments yet.