UAE’s IT market to touch AED19.2 billion by 2019

ALKESH SHARMA
Emirates Business

Emirates’ Information and Technology industry is at an all-time high, courtesy the UAE government’s progressive policies and presence of world-class IT growth catalysts in the country. It expects a Compound Annual Growth Rate (CAGR) of nearly 3.6 percent over the period of 2015-2019, suggests a Business
Monitor International (BMI)
Research report.
According to the survey, the IT market, which stayed at marginally below the level of AED10 billion mark in 2015, is pegged to touch the whopping figure of AED19.2 billion in 2019.
The sector’s exceptional robustness will be driven by a growing interest of various IT giants in setting up their operations in the region, increasing modernisations of business operations and introduction of sophisticated enterprise keys. Internet of Things (IoT) solutions will lead the way for the industry, which will see an inclusive growth in software and IT services sales, indicates the report.
To capture the significant market share and make most out of the ongoing IT boom, UAE companies are equipping them with the best of the technology to serve their clients up to the optimum level in these regions. Special emphasis is being put on being flexible enough to meet
the ever-changing demands of customers.
Dubai-based Autodesk, a leader in 3D design, engineering and entertainment software, launched its new service Autodesk SeeControl, this month. It is a comprehensive new platform powering the IoT solutions that allow customers to capture, analyse and use data from remote products.
“Expectations for online services have increased manifold and we have to constantly develop our services. At the same time, the future of making products in the machinery and specialty vehicles industries is changing quickly,” said Brian Roepke, Senior Director of Product Lifecycle Management and IoT, Autodesk. “The addition of SeeControl to the Autodesk line of IoT services will help businesses gain competitive advantage by optimising existing products and capturing the necessary intelligence to offer their customers new services.”