NEWS
KSA
Kingdom’s
ICT spending
to exceed
$35 billion in
2016
ICT spending in Saudi Arabia will
reach $35.9 billion in 2016 as
organisations across the Kingdom
have started to embrace digital
transformation initiatives in an effort
to optimise costs and improve their
business process efficiencies.
“The Saudi ICT market is highly
competitive, and only the most
progressive service providers with
strong capabilities around emerging
technologies will continue to grow,”
says Abdulaziz Al-Helayyil, IDC’s
regional director for Saudi Arabia,
Kuwait, and Bahrain.
“In a bid to optimise their costs and
increase their levels of operational
efficiency, organisations are
increasingly investing in transformative
business initiatives, using technology to
support this transition,” he said.
for 2016 down from $36.7 billion to
$35.9 billion, which represents a more
modest-than-usual growth rate of
3.8% year-on-year,” he added.
“While 3rd Platform technologies such
as mobility,