GITEX to put the spotlight on it security & boost market awareness - UAE leads ME in security services spending with $4.718 billion in 2005.

Middle East and North Africa Business Report, November, 2006

Nov. 5--The Middle East is now placed second in worldwide IT security services spending, according to a recent report from market analyst IDC. Based on the report, the Middle East, led by the UAE, spent $4.718 b in 2005, a 15.6% increase over the previous year, which placed the region in second place worldwide based on e-security services spending in 2005. These figures are expected to reach $5.620 b in 2006 and $ 9.338 b in 2009 at a compound annual growth rate (CAGR) of 18.6%. IDC's report shows that the Americas region tops the list with $ 8.065 b reported in 2005 and 19.6% CAGR until year 2009. As a reflection of this trend, GITEX 2006 is all set to put the spotlight on IT security and related services to help boost the market for security awareness according to...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.