Enterprise Hardware Market Bounces Back In Egypt
Written by Simnikiwe Mzekandaba | From IT Web Africa
After many quarters of successive decline, Egypt’s enterprise hardware market rebounded and grew 4.7% year-on-year in the third quarter of 2014, according to the International Data Corporation (IDC).
The research firm made the note in its EMEA Quarterly Server and Disk Storage Systems Tracker, which found that the Middle East and Africa (MEA) enterprise hardware market remained in a passive growth.
According to the IDC the enterprise hardware market comprises of servers and external storage.
The market expanded a sluggish 3.8% in the third quarter of 2014 to $522.9 million, with much of the growth spurred by infrastructure deals within the oil and gas, telecoms, and government verticals, says the IDC.
“Although Egypt is still awaiting a state of permanent stability, enterprise spending is picking up, particularly in the banking and telecommunications segments,” said Swapna Subramani, research manager for systems and infrastructure solutions at IDC Middle East, Africa, and Turkey.
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