22 Jan 2019
ICT Industry Leaders Gather in Dubai as IDC Tips Digital Transformation Spending in the Middle East, Turkey & Africa to Top $25 Billion in 2019
Dubai – Overall spending on information and communication technology (ICT) in the Middle East, Turkey, and Africa (META) is set to grow 2.5% year on year in 2019 to reach $213 billion. That's according to the latest insights presented today by International Data Corporation (IDC) as it hosted 200 of the region's most influential technology vendors, telecommunications operators, and IT service providers at the Address Dubai Marina hotel for its annual ICT industry gathering, 'IDC Directions'.
Running under the theme 'Multiplied Innovation: Scaling a Technology Revolution in the Middle East, Turkey, and Africa', the highly anticipated event explored the emerging trends and priorities that will shape ICT investment in 2019 and beyond, with IDC's group vice president and regional managing director for the META region, Jyoti Lalchandani, highlighting the critical role that digital transformation (DX) initiatives will play in driving ICT investment across the region.
"Developing an effective digital transformation platform that can sustain, advance, and scale business operations may be the most important task facing the region's decision makers," said Lalchandani as he opened the day's proceedings. "We expect DX spending across the META region to cross the $25 billion mark in 2019 and that figure is only going to increase over the coming years as more and more organizations experiment with transformative technologies such as robotics, artificial intelligence (AI), and the Internet of Things in a bid to spur innovation and revolutionize their customer experience."
IDC's senior vice president and chief analyst, Frank Gens, built on this during the event's keynote address as he presented his outlook for the global ICT industry and highlighted the radical changes we can expect to see as organizations strive to broaden the scale of their innovation and accelerate the responsiveness of their operations. "In the next two years, the proportion of digitally determined organizations with a fully integrated enterprise-wide technology architecture will grow from 34% to nearly 90%," he said. "By 2022, 25% of endpoint devices and systems worldwide will be executing AI algorithms, and between 2018 and 2023, more than 500 million new apps will be created, equaling the total that was built during the preceding 40 years."
The event also featured a session hosted by Nenad Pacek, founder and president of MEA Business Group, that explored the region's economic outlook, while a panel of senior IDC country heads dissected and contextualized the technology-led innovation and entrepreneurship that is taking root in a variety of different geographies across the region. This was complemented by a series of individually themed technology tracks that enabled attendees to further tailor the agenda to meet their specific areas of interest.
Bringing the event to a close, IDC's associate vice president for research in the META region, hosted an executive panel session featuring insights from Abdulaziz Alfalahi, CEO of corporate technology support services at Dubai's Roads and Transport Authority (RTA), and Khaled Khamis Al Mansori, CISO of Abu Dhabi's Department of Energy. Together, they examined the emerging priorities that are shaping the CxO growth agenda of tomorrow, with a particular focus on the challenges end-user organizations will encounter as they strive to strike an effective balance between traditional systems and next-generation technologies.
To learn more about 'IDC Directions 2019', please visit www.idc.com/dir19meta. You can also join the conversation on Twitter using the hashtag #IDCDirections.
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a subsidiary of IDG, the world's leading technology media, research, and events company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC.
IDC in the Middle East, Turkey, and Africa
For the Middle East, Turkey, and Africa region, IDC retains a coordinated network of offices in Riyadh, Nairobi, Lagos, Johannesburg, Cairo, and Istanbul, with a regional center in Dubai. Our coverage couples local insight with an international perspective to provide a comprehensive understanding of markets in these dynamic regions. Our market intelligence services are unparalleled in depth, consistency, scope, and accuracy. IDC Middle East, Africa, and Turkey currently fields over 130 analysts, consultants, and conference associates across the region. To learn more about IDC MEA, please visit www.idc.com/mea. You can follow IDC MEA on Twitter at @IDCMEA.