By IANS
Dubai : The market for outsourced IT services in the United Arab Emirates (UAE) is expected to reach $170 million in 2010 from the $81.27 million recorded in 2006, according to the latest report of global market intelligence firm IDC, WAM news agency reported Wednesday .
According to the reports, the continued economic prosperity in the country and a number of IT and general development initiatives by the UAE government has increased the need for IT services.
Outsourcing accounted for 15.3 percent of the total IT services market in 2005 and by the year 2010, the market is expected to comprise 22.4 percent of the local IT market’s earnings.
Pointing out the factors that have led to a surge in outsourcing in the UAE, Tapas Roy, Chief Operating Officer of UAE-based software developer and system integretor firm Raqmiyat, said, “The traditional factors of increasing costs, flexibility in the management of resources, user satisfaction and reduction in cycle times have contributed to this trend.”