Dubai: The sales in the UAE IT (Information Technology) market are expected to be at almost Dh22 billion by 2019 and per capita spending is expected to reach above Dh2,000 by 2018 with an expected year on year market growth at 3.5 per cent in 2015, a study by the Dubai Chamber of Commerce and Industry has revealed.
The current IT market value in the UAE is estimated close to Dh17 billion, compared to just Dh12 billion in 2010, the Dubai Chamber of Commerce and Industry said in a statement.
High incomes and standards of living, alongside a higher propensity to consume and increased consumer and business confidence are all factors that contribute to the continuous development of a dynamic, growing and profitable IT market, the statement said.
The growth would be highly supported by the government sector, through many IT projects it is involved in e-government services, IT hardware for education, smart city initiative directly, or indirectly through government backed enterprises.
The economic sectors that are expected to benefit the most from the various projects are healthcare, education transportation, construction, water and power plants.