IDC Forecast: Surge in META Region's ICT Spending with Soaring AI and Cloud Investments
The total amount spent on ICT overall in the Middle East, Turkey, and Africa (META) is expected to exceed $238 billion this year, representing a 4.5% rise from 2023, according to IDC. Spending on AI is expected to reach $6.9 billion by 2027 in the META area, indicating a high market for AI in general and generative AI (GenAI) in particular. In 2024, the META region’s spending on public cloud will surpass $13 billion, indi...
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