UAE IT sector set for rapid growth, indicates Dubai Chamber report


April 8, 2015 | By RetailME Bureau

The UAE market is witnessing a strong increase in demand for IT products and services driven by the growth in the population and incomes of UAE residents as well as the growth in IT requirements of businesses and families together with an emphasis on innovation, states a special report released by the Dubai Chamber of Commerce and Industry analysing the trends and expectations for the UAE IT and electronics sector.

“The Chamber has played a proactive role in encouraging business in Dubai, and for the last 50 years contributed to strengthening Dubai’s position as a preferred destination for business based on knowledge and innovation. This study reaffirms Dubai Chamber’s commitment to its role as a main source of economic data and information for the private sector, and its leadership in the preparation of research, reports and studies, federal and local laws and ministerial decisions,” says Hamad Buamim, president and CEO, Dubai Chamber.

The study revealed widespread use of Information and Communication Technologies (ICT) in the UAE has had a positive economic and social impact. According to the Network Readiness Index 2014 of the World Economic Forum’s Information Technology Report 2014, the UAE ranks very high at fourth out of 148 countries in impact of ICT of new services and products and at the second position in the impact of ICT on basic services. Internet usage is also high in the UAE with about 85% of individuals using the internet and the UAE ranking 10th in terms of business to-business internet use.

The study pointed out that the demand for computer products across the Middle East and North Africa (MENA) region and South Asia is creating opportunities for UAE businesses to re-export to these regions. As a result, Dubai has become a leading IT hub for the MENA region and beyond with major IT companies setting their MENA regional offices in the emirate.

In its overview of the IT sector in the UAE, the study states that the UAE specialises in the sale of communications and electronics technology devices based on Euromonitor International data indicating while the UAE computer and peripheral market achieved sales volume of about 2,990 units in 2014, it is set to increase by 6.5% touching the 3,185 units-mark by 2018.

The Dubai Chamber report also mentions that based on data from trademap.org China, the US, Singapore, the Netherlands and Czech Republic were major import sources in 2013, while the top export and re-export destinations during the period included Oman, Uganda, Tanzania and Saudi Arabia.

According to the report, innovations in the global IT sector have also contributed to make productivity improvements in the UAE and across the region. Current and possible future global trends that are expected to impact the UAE IT industry include cloud computing, increased mobile computing, pervasive computing – the trend of embedding micro-processors in everyday objects such as TV, fridges, microwave ovens and cars so that these objects can communicate with each other – and robotics.

Spending on cloud computing, in which computing services such as servers, storage and applications are delivered to an organisation through internet services, is increasing in the UAE according to research firm IDC, while mobile computing devices are also experiencing growing demand. In the future, the advent of pervasive computing and furthermore robotics could change the way people work and live and would improve efficiency across the UAE economy, the report adds.

With the high importance given to innovation in the UAE, coupled with a strong IT and internet infrastructure, the UAE is well placed to be the hub for global businesses focused on new IT products and services to the GCC, the MENA region and Africa, the report asserts.

Comments

comments

Previous Article Next Article

YOU MAY ALSO LIKE /



UAE-based Carrefour announced its theme and plans for Ramadan 2021. The brand 

Continue Reading

March 31, 2021 | By RetailME Bureau

Locally owned supermarket Spinneys celebrates 60 years of doing business in the 

Continue Reading

March 9, 2021 | By RetailME Bureau
Almarai, Carrefour, Emirates have the most loyal customers

UAE-based Carrefour will become the first retailer in the region to offer new levels 

Continue Reading

February 22, 2021 | By RetailME Bureau

The Organic Farmers’ Market is back in Bay Avenue for its 12th 

Continue Reading

February 17, 2021 | By RetailME Bureau

UAE-based  Lulu Group recently inaugurated its first-ever all-female staff store in Jeddah, 

Continue Reading

February 15, 2021 | By RetailME Bureau
Jones the grocer

Jones the Grocer, the gourmet grocer and cheese retailer launches the Jones 

Continue Reading

February 1, 2021 | By RetailME Bureau

UAE-based Al Maya Supermarkets is hosting a two-week food festival at select 

Continue Reading

January 17, 2021 | By Lawrence Pinto

Locally-owned supermarket Spinneys has launched its ‘Power of Plants’ initiative in the 

Continue Reading

January 17, 2021 | By RetailME Bureau
Cookit

Carrefour UAE has launched “Cookit Yourself” — a curated recipe box created 

Continue Reading

January 5, 2021 | By RetailME Bureau
Al Islami Plant-Based Burger

UAE-based Al Islami Foods, one of the largest frozen food companies in 

Continue Reading

January 3, 2021 | By RetailME Bureau
Marks & Spencer's plant-based range

Marks & Spencer’s plant-based range now offers over 25 vegan products including meat-free 

Continue Reading

December 23, 2020 | By RetailME Bureau

World’s largest fully integrated online brand in fresh fish and meat e-commerce 

Continue Reading

December 14, 2020 | By RetailME Bureau




Download Images RetailME Magazine