Delhi, India (PressExposure) July 13, 2009 -- The need to get connected to the rest of the world has prompted many regional and international telecom firms to pour huge investments in laying down cable networks or setting up satellite connections to provide the region with seamless high-speed Internet services. Many industries (such as retail industry, tourism industry, and insurance industry) in the Middle East are performing well amid global economic crisis. This is driving the demand for ICT products, particularly Internet, in the region.
In this regard, the region has been investing huge amounts on upgrading its Internet infrastructure to stay connected to the global Internet environment, says our new report, âMiddle East ICT Market Analysisâ. Egypt, for instance, increased its Internet bandwidth from 850 Mbps in 2003 to 27,077 Mbps in 2008. Our team of experts has done thorough analysis of key Internet markets in the Middle East region.
We have found that Israel had the maximum Internet penetration rate in the Middle East region at the end of 2008, followed by the UAE and Bahrain. Our research also pointed out that the Internet penetration of some countries declined as a result of global economic crisis. This led to the reduction in the expat population that has been an important factor for the increased subscriber base over the past few years.
As Internet penetration across various countries such as Jordan and Oman remains relatively low (less than 10%), Middle East offer enormous opportunities for the Internet industry in near future. Our research anticipates the total number of Internet subscribers in the region to surge at a CAGR of around 20% through 2012. Considering the importance to stay connected anytime and anywhere, the governments across the Middle East have also been stressing on the use of Internet among the corporate and households.
To better gauge the future success of the Internet market in the Middle East, âMiddle East ICT Market Analysisâ provides forecast on Internet subscribers, penetration rate of Internet subscribers, forecast on broadband subscribers and penetration rate of broadband subscribers by region. The report also discusses various forces fueling growth in the Middle East Internet sector.
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