Middle East Beefing up Investment and RandD for ICT Growth
Released on: August 10, 2008, 11:46 pm
Press Release Author: Shushmul Maheshwari
Industry: Internet & Online
Press Release Summary: The Middle East ICT industry is expected to grow at a rapid pace in coming years as the countries in the region are strongly supporting R&D and investment in the industry.
Press Release Body: The ICT industry in the Middle Eastern countries is poised to grow at a rapid pace in coming years, according to a new research report “Middle East ICT Market Analysis” by RNCOS. The Middle Eastern countries are pouring huge investments in their ICT industry to promote R&D and investment into the sector to develop world-class ICT infrastructure in the region.
As per the report, countries like the UAE, Oman and Saudi Arabia have seen the phenomenal growth in their ICT infrastructure development, particularly in the mobile telephony segment, in the recent past. Thus, a big proportion of the Middle Eastern population is now getting the benefits of mobile services as compared to a low base in early 2000s.
The mobile market in the Middle East, with more than 40 operators, is growing at nearly 12% to 15% a year, says the RNCOS report. The mobile subscribers in the region are enjoying flawless services irrespective of their location. Besides, the mobile companies across the region are venturing with foreign giants to incorporate new advanced telecom technologies into their services. This is providing opportunities to other foreign telecom companies eyeing the Middle East region as their next breeding ground. For instance, the business intelligence and marketing campaign software company Business Logic Systems - that focuses on the mobile telecom industry - has expanded its business activities in the UAE, an important market in the Middle East.
“Middle East ICT Market Analysis” is an exhaustive and rational analysis on the thriving ICT industry in the Middle East region. It provides a prudent analysis of ICT industry in the countries like Egypt, Turkey, Israel, Jordan, Qatar, Iran, Kuwait and Bahrain. The report outlines the key issues related to the success of the ICT industry in the region to help clients identify areas for investment.
Apart from this, the report gives an extensive research on the past and current trends in the IT industry at country level, including software industry, hardware industry and services industry.
About RNCOS:
RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today\'s globally competitive environment.
For more information visit: http://rncos.com/Report/IM562.htm Current Industry News: http://www.rncos.com/Blog/
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