|10-15-2014, 02:13 PM||#1|
UAE computer product market to grow an annual 8.74% until 2018
A research led by the Dubai Chamber of Commerce and Industry and under Business Monitor International (BMI) and Euromonitor International projected that the UAE computer product market would grow by year-on-year 8.47% until 2018.
UAE ranks highly at 4th out 148 countries in firm level technology incorporation, with almost 85% of households owning a personal computer according to the Network Readiness Index 2014 of the World Economic Forum’s Information Technology Report 2014.
The UAE IT market was estimated to value around Dh15.75 billion in 2013 including hardware sales that make up so far the largest share of 52%.
These numbers affirm that the UAE computer product market is important for the UAE economy and is a major pillar for the region`s growth with portable computers and laptops making up the dominant share of consumer spending by value in 2013.
Furthermore being a giant computer product market the UAE is also becoming a trading center or a crucial "middleman" for computers manufactured in Asia to be re-exported to the growing consumer markets in Asia.
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