Business Services Industry

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...

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