The US research firm Gartner predicted that the Middle East and North Africa's spending on information technology will witness a jump this year, confirming the keenness of governments to shift in the field of digitization quickly.
According to forecasts, the Arab region's spending this year will reach about $ 193.7 billion, an increase of 5.2 percent year-on-year and down from the growth rate recorded last year of 6.6 percent. Despite the improvement in the volume of investments in this field during 2022, which exceeded $ 2 billion in the Arab markets compared to about $ 1.2 billion during 2019 and 2020, this figure is still far from contributing to development plans. Regional spending on IT services is expected to increase by 9.6 percent in 2024.
Source (Al-Arab Newspaper of London, Edited)
