Saudi Press

Saudi Arabia and the world
Sunday, Jun 01, 2025

IT spending in the Middle East, Türkiye, and Africa will come close to $100bn in 2023: International Data Corp

IT spending in the Middle East, Türkiye, and Africa will come close to $100bn in 2023: International Data Corp

Spending on information and communications technology across the Middle East, Türkiye, and Africa will top $233.8 billion this year, an increase of 3.9% over 2022, according to a forecast from the International Data Corp..
The market intelligence and advisory services firm believes telecommunications services spending will increase 3.6 percent year-on-year in 2023 to reach $133.9 billion, with IT investment set to grow 4.3 percent over the same period to hit $99.9 billion.

As the region’s digital economy increasingly takes shape, IDC forecasts that the amount put into digital transformation in the META region will top $48.8 billion in 2023 and accelerate at a compound annual growth rate of 16 percent over the coming years to cross the $74 billion mark in 2026.

Jyoti Lalchandani, IDC’s group vice president and regional managing director for the META region, said: “The region will continue to face several headwinds throughout 2023, including volatile demand, high inflation, interest rate hikes, supply chain uncertainties, and currency fluctuations.

“In order to navigate these storms of disruption, organizations will need to invest in strengthening their digital resiliency so they are better positioned to succeed in new market environments as conditions continue to change.”

The findings were revealed at the 2023 edition of IDC Directions Middle East, Türkiye, and Africa conference, held in the Dubai International Financial Centre.

Lalchandani used his address to the event to explain that the shift toward a “digital-first” approach requires enterprises to transition from traditional infrastructure that is inefficient, inflexible, and difficult to scale, to highly responsive, resilient, and adaptable infrastructure that spans edge, core, and cloud.

He also outlined IDC's predictions for the META region in 2023, including that spending on public cloud services will grow at 25 percent to surpass $10.4 billion this year, and software as a service apps will account for 43.2 percent of public cloud software spending.

Cloud managed services will grow 16.1 percent to surpass $1 billion in 2023 and $1.4 billion by 2025, while spending on artificial intelligence will increase 16.3 percent to reach $7.9 billion this year.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
European and Arab Ministers Convene in Madrid to Address Gaza Conflict
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
Iranian Revolutionary Guard Founder Warns Against Trusting Regime in Nuclear Talks
UAE Offers Free ChatGPT Plus Subscriptions to Citizens
Lebanon Initiates Plan to Disarm Palestinian Factions
Iran and U.S. Make Limited Progress in Nuclear Talks
The Daily Debate: The Fall of the Dollar — Strategic Reset or Economic Self-Destruction?
Trump Administration's Tariff Policies and Dollar Strategy Spark Global Economic Debate
OpenAI Acquires Jony Ive’s Startup for $6.5 Billion to Build a Revolutionary “Third Core Device”
Turkey Weighs Citizens in Public as Erdoğan Launches National Slimming Campaign
Saudi-Spanish Business Forum Commences in Riyadh
Saudi Arabia and Spain Sign MoU to Boost SME Sectors
UK Suspends Trade Talks with Israel Amid Gaza Offensive
Iran and U.S. Set for Fifth Round of Nuclear Talks Amid Rising Tensions
Russia Expands Military Presence Near Finland Amid Rising Tensions
Indian Scholar Arrested in Crackdown Over Pakistan Conflict Commentary
Israel Eases Gaza Blockade Amid Internal Dispute Over Military Strategy
President Biden’s announcement of advanced prostate cancer sparked public sympathy—but behind closed doors, Democrats are in panic
A Chinese company made solar tiles that look way nicer than regular panels!
Indian jet shootdown: the all-robot legion behind China’s PL-15E missiles
The Chinese Dragon: The True Winner in the India-Pakistan Clash
Australia's Venomous Creatures Contribute to Life-Saving Antivenom Programme
The Spanish Were Right: Long Working Hours Harm Brain Function
Did Former FBI Director Call for Violence Against Trump? Instagram Post Sparks Uproar
US and UAE Partner to Develop Massive AI Data Center Complex
Apple's $95 Million Siri Settlement: Eligible Users Have Until July 2 to File Claims
US and UAE Reach Preliminary Agreement on Nvidia AI Chip Imports
President Trump and Elon Musk Welcomed by Emir of Qatar Sheikh Tamim with Cybertruck Convoy
Strong Warning Issued: Do Not Use General Chatbots for Medical, Legal, or Educational Guidance
Saudi Arabia Emerges as Global Tech Magnet with U.S. Backing and Trump’s Visit
This was President's departure from Saudi Arabia. The Crown Prince personally escorted him back to the airport.
NVIDIA and Saudi Arabia Launch Strategic Partnership to Establish AI Centers
Trump Meets Syrian President Ahmad al-Shara in Historic Encounter
Trump takes a blow torch to the neocons and interventionists while speaking to the Saudis
US and Saudi Arabia Sign Landmark Agreements Across Multiple Sectors
Why Saudi Arabia Rolled Out a Purple Carpet for Donald Trump Instead of Red
Elon Musk Joins Trump Meeting in Saudi Arabia
Trump says it would be 'stupid' not to accept gift of Qatari plane
Quantum Computing Threatens Bitcoin Security
Michael Jordan to Serve as Analyst for NBA Games
×