IT services will spend $550 million by 2018

Home  /  News  /  IT services will spend $550 million by 2018

Service providers of information technology (IT) are rubbing their hands and the outlook is promising for their activity. According to the recent forecast, IT services spending in Morocco will experience a significant increase, reaching 550 million by the end of 2018.

IT services will spend $550 million by 2018

IT services will spend $550 million by 2018

A research firm and consultancy attributes this improvement to major projects undertaken by the government and initiated projects in certain sectors, such as banks, telecoms, energy, utilities, which will continue to stimulate the market. This will enable the IT services market in the country to record an annual growth of 9.3% in 2014, with a faster pace compound annual growth (CAGR) of 12% over the next five years.

The Government’s contribution to this growth will be achieved by continuing to upgrade public infrastructure and e-government initiatives aimed at improving the quality of public services, say the authors of this study each year and relies on interviews with leading service providers in the country.

These initiatives that support the alignment of IT services with business objectives continue to be a factor in the orientation of expenditure for IT services in Morocco. In general, improving the IT infrastructure will be a priority in relation to new development. This will result with a growing demand for virtualization, consolidation and infrastructure projects to modernize data centers.

The Moroccan IT services market will continue to be faced significant challenges. Currently, the Moroccan ICT market is growing at two speeds.

When mature sectors such as banks and telecom operators are investing in technology, others are less mature but grow, all the same, in terms of infrastructure. Services installation, support and training are also well behaved, representing the second largest share of the IT services market in 2013, primarily due to the sale of equipment and installation services

Mohamed Dekkak