Middle East To Spend A Whopping $214.7 Billion In 2015 Predicts Gartner

Middle East (ME) IT spending is projected to reach a whopping $214.7 billion in 2015 which is a 5.2 percent increase from 2014, according to the latest forecast by Gartner, Inc. Gartner Symposium/ITxpo which was held from May 19-21 witnessed an audience of more than 500 CIOs and IT leaders. Peter Sondergaard, Senior Vice President and Global Head of Research at Gartner provided the latest outlook for the IT industry at the event.

“Business intelligence and analytics, infrastructure and data center, and cloud are the Top 3 CIO technology priorities in the Middle East region,” said Mr. Sondergaard. “Sensor/Internet of Things (IoT) are on the radar with no action planned and is in the medium to long term planning. Robotics and 3D printing are not priorities in the Middle East in 2015.”

“This year enterprises will spend over $40 billion designing, implementing and operating the Internet of Things,” Mr. Sondergaard said. “Every piece of equipment, anything of value, will have embedded sensors. This means leading asset-intensive enterprises will have over half a million IP addressable objects in 2020.”

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