A recent study reports that the Kingdom of Saudi Arabia would have spent roughly $37 billion to protect its information and data from intrusions by the end of 2015.
The study, about the impact of IT on the economy of the Arab world, forecasts an imminent increase of IT spend in the Arab world, which will result in enhanced protection of IT infrastructure and prevent electronic thefts, Saudi-based Alweeam News reports.
The study shows that the use of new IT technologies has helped save nearly $4 billion for governments and companies, despite the delay in the Arab world in implementing protection for their technology and information systems.
The study also reports that Cloud computing constitutes nearly 25 per cent of total expenditure for companies.
Thamer bi Da’jam, a technical expert, says that it is expected that Saudi Arabia would spend approximately $37bn on IT protection by the end of 2015, due to the enormous usage of IT by public and private institutions in the Kingdom, which is on par with their counterparts in other big countries around the world, according to media reports.
He adds that the programming market in Middle East is growing at the rate of 34 per cent, adding that the UAE and Qatar have increased their IT storage capacity by more than 60 per cent.
($1 = AED3.67 at the time of publishing)