Middle East and Africa’s High-Growth ICT Market Boosts Global Internet of Things Revenue Tripling to USD 7 Trillion in 2020
GITEX Technology Week 2015 will mark its 35th anniversary by showcasing live demonstrations of next generation technology solutions that will drive Middle East business transformation in the Internet of Things (IoT) and emerging Internet of Everything (IoE) era.
Middle East organisations are ideally placed to become leaders in IoE innovation. The Middle East and Africa is set to post the world’s second-fastest growing ICT market in 2015, reaching USD 270 billion, according to IDC. Longer-term, the Middle East’s IT market is set to grow by 23 per cent, from USD 204 billion in 2014 to USD 252 billion in 2019, according to Gartner.
“The IoE era is a fourth industrial revolutions that is redefining how new technologies such as drones and robotics are transforming global and regional organisations and their consumer experiences,” said Trixie LohMirmand, Senior Vice President, Dubai World Trade Centre.
The new GTX Horizons zone will showcase demonstrations of emerging solutions such as 3D Printing, Autonomous Vehicles (drones), robotics, and transport. Demonstrating the potential for the fast-growing Middle East market, already marquee technology companies are confirmed as event sponsors, including HP, SAP, Vodafone, and Gemalto.
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