Egypt's IT-market is anticipated to grow at a CAGR of around 13% during the forecast period, says RNCOS.
(prHWY.com) September 19, 2012 - NOIDA, India -- According to a new research report by RNCOS, "Middle East ICT Market Analysis", due to the political unrest that persisted long after the downfall of former President, Hosni Mubarak, Egypt's IT industry saw a decline in 2011. However, rising youthful demographics and improving Information Communication Technology (ICT) infrastructure is most likely to benefit the country's IT market. As per our analysis, Egypt's IT market is anticipated to grow at a CAGR of around 13% during 2012-2015. Further, growing government initiatives has helped the Egyptian hardware market to dominate the IT industry. IT hardware spending accounted for a majority share of total IT spending in 2011.
Besides, accelerated initiatives of various campaigns to promote computer usage in education, SMEs, health, and other sectors is contributing towards the growth momentum of Middle-East region's ICT market. The region has reported the highest growth in number of Internet and mobile users, positively contributing towards ICT market growth. Further, intensifying competition and dynamic demographics with rapid adoption of newer technologies will propel the region's ICT market in the coming years.
While studying the potential growth areas, we observed that IT outsourcing is creating a pool of opportunities for the global IT giants to expand their operations in the region, and 4G is all set to gain a bigger share in the market. Also, the demand for IPTV has been consistently rising in the region. Our research report has critically evaluated various factors that are fuelling the market growth.
For a complete understanding of the industry, we have comprehensively studied the IT and ICT markets of the UAE, Saudi Arabia, Egypt, Turkey, Israel, Oman, Qatar and Bahrain. The report deeply analyzed and forecasted the IT market, mobile subscribers, fixed telephone line subscribers, Internet and broadband subscribers till 2015. Overall, the research work aims at presenting a balanced outlook of the ICT industry in the Middle East to clients.
For FREE SAMPLE of this report visit:
http://www.rncos.com/Report/IM562.htm
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About RNCOS
RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.
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