By Staff writer
Spending on IT services in Saudi Arabia increased 6.4% from 2004 to 2005 to more than US$700million; driven by a large demand for outsourcing services, according to analyst firm IDC.
The Saudi results reflected the general growth in the regional economy, Mark Walker, director of development at IDC told Windows’ sister publication, IT Weekly. “What [the study] is showing us is a new level of maturity in the way services are being deployed in the market,” he added.
“More and more local companies and international companies represented locally are starting to consider IT services as a viable alternative and actually make use of those services whereas previously they would keep things in-house as much as possible.” Spend on outsourcing services in the Kingdom leapt 56% in 2005 year-on-year, according to IDC. Investment in customisation was another growth area with spend rising nearly 32