Middle East Will Surpass Europe in LTE Early Adoption, Pyramid F. May 28, 2010 CAMBRIDGE, Mass., May 28 /PRNewswire/ — Saudi Arabia, Bahrain, and UAE will pioneer Long Term Evolution (LTE) adoption in the Middle East as LTE penetration rate for these countries is expected to reach 11.8 percent, more than the projected Western European average of 7.7 percent, according to a new report from Pyramid Research (www.pyr.com). In the Insider report LTE in the Middle East: Early Lessons From the Gulf Pioneers, Pyramid Research Analyst Kerem Arsal examines the market criteria that will drive the early LTE deployments in the Middle East.
By relating the driving factors to our forecasts for LTE adoption, it shows why certain markets are better positioned for growth than others in the region. Arsal also investigates the obstacles that some Middle Eastern markets may face despite sharing some commonalities with the early adopters. While the Middle East is a smaller market, it makes up the difference in its potential for growth. SOURCE Pyramid Research. MENA IT sector seen to grow 11 per cent in 2010. MENA IT spending to grow 12% in 2010 says IDC - IT Business - Ne. IT spending in the Middle East and North Africa region is set to grow at four times the global rate this year, according to new research revealed this week. The MENA region is set to see IT spending grow 12% in 2010, compared to the global average of 3%, according to IDC, a global market intelligence company that specialises in information technology, telecommunications and consumer technology markets.
The report said global IT spending was likely to reach $1.48 trillion this year. The research follows news that on Monday that Emirates Integrated Telecommunications Company (du) said it was planning to raise AED1bn ($273m) through a rights issue. The capital raised will fund an accelerated growth strategy, the Dubai telecom operator said. Etisalat, du's main rival in the UAE, said in February that it has cash reserves of about AED10bn ($2.7bn).