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Analyst Corner

MEA blockchain spending to reach $80.8m in 2018

Sarah Rizvi
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IDC expects blockchain spending in the Middle East and Africa (MEA) to more than double this year, totaling $80.8 million for 2018, up 107% on the $38.9 million spent in 2017. Looking further ahead, IDC expects blockchain spending in MEA to reach $307 million in 2021, which represents a compound annual growth rate (CAGR) of 77.4% for the 2016-2021 period. 

MEA IoT spending to double by 2021

Sarah Rizvi
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13
The Middle East and Africa (MEA) Internet of Things (IoT) market is set to grow 15% year on year in 2018, according to a recent update to the Worldwide Semiannual Internet of Things Spending Guide from International Data Corporation (IDC). The global technology research and consulting firm’s latest forecast shows MEA spending IoT reaching $6.99 billion in 2018 and $12.62 billion by 2021 as organizations ramp up their investments in the hardware, software, services, and connectivity that enable IoT solutions.

Impact of VAT on mobile phone market

Sarah Rizvi
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20
Research firm IDC has said that the introduction of value-added tax in January 2018 will exacerbate the outlook for the mobile phone market in the GCC region. With VAT of 5% becoming effective across the UAE and Saudi Arabia on January 1st, and the rest of the GCC following suit later in 2018, questions are being asked about what this means for the region’s mobile phone market. 

Equinix Predicts More Private Blockchain Networks

Chris N. Fernando
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27
All technology companies focus on the future, but as the interconnection junction between network providers, cloud providers and the enterprise, Equinix has a unique perspective on IT trends and where things are headed. Jeroen Schlosser, Managing Director at Equinix MENA predicts what’s ahead in the IT industry in 2018. 2018 Prediction #1: Private blockchain networks will take hold and multiply The public blockchain at the heart of various cryptocurrencies is very different from the private blockchain we see appealing to more companies […]