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With the UAE’s IT services market confirmed to have expanded to a total $1,699.8 million last year, STME, the Middle East’s leading solutions provider and systems integrator, eyes unprecedented development and a new wave of prosperity for the future. According to the latest forecasts released by the global advisory services firm International Data Corporation (IDC), the UAE’s IT services market is set to grow an impressive 15.5% year on year in 2014 and at a compound annual growth rate of 11.3% over the coming five years. IDC projects that the market will reach a record breaking $3,356.44 million by 2018.
STME aims to capitalize on the accelerating growth with its broad range of IT systems manufacturers and network of partners that deliver outstanding solutions of any scale or complexity. The award winning systems integration company has played a major role in contributing to the market’s massive expansion over the years. Not only has it set new benchmarks of innovation for others to follow but it has also been recognized as one of the most proficient IT companies in the region. The company has introduced many cutting edge technologies to the Middle East market and has often been the first in the industry to do so. As the market evolves, STME vows to integrate only the finest advancements in technology into its solutions.
“There is no question that the UAE’s IT Services Industry has seen remarkable growth in the last few years,” said Ayman Al Bayaa, CEO, STME. “STME is extremely proud to have contributed to the country’s rapid development but we must also embrace new strategies for growth in order to maintain our competitive advantage. In the coming years, the company will focus on execution excellence, streamlining our operations and on building a culture of innovation by gradually expanding across the region.”
While the IT industry gears up for exceptional growth, the challenge to introduce breakthrough innovations that capture the hearts and minds of people will be a daunting task for many companies in the region. One thing is certain – the Middle East will see a new wave of emerging technologies that will cement their place as the next generation of must-have solutions.
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