(MENAFN) Spending on ICT products and services in the Middle East and Africa (MEA) will cross the USD270 billion mark in 2015 with the IT market expected to improve 9 percent annually, report by International Data Corporation (IDC) showed, Gulf Times reported.
This makes MEA the second-fastest growing market worldwide, with the SaaS (Software as a Service) segment set to perform particularly strongly, expanding 29 percent annually to total.
SaaS is a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted.
Converged systems will be another key area of growth as more organizations look to leverage the agility, productivity, flexibility, and cost-saving benefits presented by such solutions.
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