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Gartner: MENA IT Spending To Reach $169 Billion In 2026
Gartner: MENA IT Spending To Reach $169 Billion In 2026

Channel Post MEA

time3 days ago

  • Business
  • Channel Post MEA

Gartner: MENA IT Spending To Reach $169 Billion In 2026

IT spending in the Middle East and North Africa (MENA) is projected to total $169 billion in 2026, an increase of 8.9% from 2025, according to the latest forecast by Gartner, Inc. 'The MENA region is rapidly emerging as a global tech powerhouse, with the Gulf Cooperation Council (GCC) leveraging its stability, infrastructure and forward-looking policies to attract global partners and build digital skills that empower innovation and support resilient AI-driven economies,' said Mim Burt, Practice VP at Gartner. 'Even amid global economic and geopolitical uncertainty, chief information officers (CIOs) in MENA are making strategic investments in AI, intelligent automation and multi-cloud strategies, while strengthening cyber defenses and advancing talent upskilling. These efforts are not only driving innovation and economic diversification but also contributing to the region's projected IT spending growth in 2026.' Data Center Systems Remain Highest-Growth Segment in 2026 Despite Slower Momentum Growth in data center systems spending in MENA is expected to remain strong in 2026, though the pace will ease compared to 2025. Spending is projected to increase 37.3% in 2026, making it the highest-growing IT segment, but at a slower rate than this year as the market shifts from rapid build-out to incremental and sustained investment (see Table 1). 'Data center system spending is expected to accelerate as MENA CIOs and technology leaders invest in AI-enabled software and AI-optimized infrastructure,' said Eyad Tachwali, VP, Advisory at Gartner. 'This surge is largely fueled by pent-up demand for generative AI (GenAI) and advanced machine learning, which depend on robust computing power for large-scale data processing. Most of this demand is being driven by governments, hyperscalers, technology providers and organizations focused on developing and deploying AI models, rather than traditional enterprises or consumers.' AI Integration Reshapes IT Spending Priorities in MENA Software spending in MENA is expected to grow 13.9% to $20.4 billion in 2026, as organizations accelerate adoption of GenAI capabilities. Gartner predicts that by 2028, 75% of global software spend will be on solutions with GenAI functionality. 'CIOs will increasingly be offered embedded GenAI capabilities in enterprise applications, productivity and developer tools, more advanced large language models as well as AI-optimized servers to support AI-as-a-service,' said Burt. 'Providers are also exploring new pricing models across software and hardware to drive revenue.' As AI becomes central to innovation, its integration into software and IT services is fundamentally reshaping spending priorities across the region, with IT services spending in MENA projected to grow 8.3% in 2026. 'With the rapid acceleration of AI infrastructure and adoption in MENA, CIOs must move beyond GenAI as a productivity tool and embed it into the heart of their business strategy,' said Tachwali. 'The real competitive edge will come from building strong data foundations, composable technology platforms and cultivating AI-fluent talent—core enablers for unlocking differentiated value from AI.'

Google announces new Firebase Studio features at I/O Connect India
Google announces new Firebase Studio features at I/O Connect India

Time of India

time24-07-2025

  • Business
  • Time of India

Google announces new Firebase Studio features at I/O Connect India

Google has announced several new features for Firebase Studio, its cloud-based AI workspace at the I/O Connect India event. The update is aimed at helping developers build AI-powered apps faster and include AI-optimized templates , easier integration with Firebase backend services, and new tools for collaboration. 'These updates help you combine the power of Gemini with new features to go from idea to app using some of your favorite frameworks and languages,' Google said in a statement. The new AI-optimized templates are available for Flutter, Angular, React, and general web projects. These templates use Gemini AI to support autonomous Agent mode by default and include a new layout designed to help developers start quickly. Templates now also include an file, which provides Gemini with specific instructions on code generation and documentation standards. Developers can use Gemini to plan and carry out tasks, switch between 'Ask' and 'Agent' modes, and work on features like app generation, testing, documentation, and more. Google has also introduced streamlined integration with Firebase backend services. Developers using Firebase Studio's prototyping agent or AI-optimized templates can ask Gemini to recommend services based on app functionality. Gemini will then handle the import of libraries, code updates, and guide setup steps. These services are free to start using. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 15 most beautiful women in the world Undo To improve experimentation and collaboration, developers can now fork workspaces. Forking creates a full copy of a workspace, including the agent chat history, allowing users to test features or debug without affecting the main version. Forking can also be used to collaborate by sharing progress with others. Another new feature is enhanced prompt support, allowing developers to work with Gemini to refine app ideas. Google has also increased project upload sizes to 100MB, enabling more complex apps to be imported into Firebase Studio. These updates are part of Google's ongoing effort to support AI-assisted app development globally. 'We're dedicated to making AI-assisted development with Firebase Studio more intuitive, faster… so anyone, anywhere in the world can bring their most ambitious app ideas to life,' the company said. The company also highlighted a local use case, where Indian developer Pankaj Rai used Firebase Studio to build a student mentorship platform and expand his personal stylist app to the web. AI Masterclass for Students. Upskill Young Ones Today!– Join Now

VNBTC Gains UK FCA Certification, Enhancing Trust in Its Cloud Mining Platform for Simple and Secure Bitcoin Earnings
VNBTC Gains UK FCA Certification, Enhancing Trust in Its Cloud Mining Platform for Simple and Secure Bitcoin Earnings

Toronto Star

time21-07-2025

  • Business
  • Toronto Star

VNBTC Gains UK FCA Certification, Enhancing Trust in Its Cloud Mining Platform for Simple and Secure Bitcoin Earnings

LONDON, July 21, 2025 (GLOBE NEWSWIRE) — Institutional investment and global interest have driven the Bitcoin price past $120,000. Simultaneously, cloud mining is evolving into a powerful, accessible way to earn cryptocurrency. VNBTC, a cloud mining platform headquartered in the UK, is proud to announce that it has officially received regulatory certification from the UK's Financial Conduct Authority (FCA). This significant milestone marks VNBTC as one of the few legally recognized cloud mining platforms in the global crypto space — reinforcing its commitment to compliance, investor protection, and long-term sustainability. With its new FCA status, VNBTC now offers crypto investors worldwide a higher level of trust and transparency. The certification enables VNBTC to operate under strict regulatory guidelines, adding a legal layer of security to its AI-optimized cloud mining services. Users can now confidently access Bitcoin, Dogecoin, and Litecoin mining contracts knowing they are engaging with a fully licensed and regulated service provider.

VNBTC Gains UK FCA Certification, Enhancing Trust in Its Cloud Mining Platform for Simple and Secure Bitcoin Earnings
VNBTC Gains UK FCA Certification, Enhancing Trust in Its Cloud Mining Platform for Simple and Secure Bitcoin Earnings

Hamilton Spectator

time21-07-2025

  • Business
  • Hamilton Spectator

VNBTC Gains UK FCA Certification, Enhancing Trust in Its Cloud Mining Platform for Simple and Secure Bitcoin Earnings

LONDON, July 21, 2025 (GLOBE NEWSWIRE) — Institutional investment and global interest have driven the Bitcoin price past $120,000. Simultaneously, cloud mining is evolving into a powerful, accessible way to earn cryptocurrency. VNBTC , a cloud mining platform headquartered in the UK, is proud to announce that it has officially received regulatory certification from the UK's Financial Conduct Authority (FCA). This significant milestone marks VNBTC as one of the few legally recognized cloud mining platforms in the global crypto space — reinforcing its commitment to compliance, investor protection, and long-term sustainability. With its new FCA status, VNBTC now offers crypto investors worldwide a higher level of trust and transparency. The certification enables VNBTC to operate under strict regulatory guidelines, adding a legal layer of security to its AI-optimized cloud mining services. Users can now confidently access Bitcoin, Dogecoin, and Litecoin mining contracts knowing they are engaging with a fully licensed and regulated service provider. In 2025, VNBTC has emerged as a standout platform, offering tiered cloud-mining contracts that deliver impressive earning potential, even for beginners. The platform's signature feature? Clearly defined daily ROI and transparent contract mechanics, making it easy to estimate your returns before you invest. Due to these plan structures, the highest-paying Bitcoin contract offers $17,500 ROI. VNBTC credits earnings automatically every 24 hours to your dashboard, so users see their profits grow in real time and can withdraw or reinvest at any time. With millions of investors already using the platform's AI-optimized contracts, many are seeing daily income ranging from modest starter-plan payouts to five-figure profit cycles. VNBTC is making cryptocurrency mining easier, offering multiple ways to earn passively without needing to afford expensive mining rigs. With added benefits like the affiliate program offering 3% and 1.8% referral commission. Now might be the best time to join the future of mining that is globally trusted by millions. Media Contact: James Carter Marketing Specialist A photo accompanying this announcement is available at

ePlus Honored as Digital Realty's 2024 Rising Star Partner, Shows AI Innovation
ePlus Honored as Digital Realty's 2024 Rising Star Partner, Shows AI Innovation

Yahoo

time10-07-2025

  • Business
  • Yahoo

ePlus Honored as Digital Realty's 2024 Rising Star Partner, Shows AI Innovation

ePlus Inc. (NASDAQ:PLUS) is one of the most undervalued small-cap stocks to buy according to analysts. On July 8, ePlus announced that it has been recognized as Digital Realty's 2024 Rising Star Partner of the Year. The award acknowledges ePlus's expertise in AI innovation. In November 2024, ePlus and Digital Realty collaborated to launch an AI Experience Center, which is located in Digital Realty's Innovation Lab in Ashburn, VA. This center provides organizations the ability to explore AI technologies within data center facilities for AI-optimized infrastructure. A close-up of a technician's hands assembling a hardware component of an IT solution. The companies can then demonstrate the full lifecycle of AI infrastructure deployment, monitoring, and management. ePlus Inc. (NASDAQ:PLUS) provides IT solutions that enable organizations to optimize their IT environment and supply chain processes in the US and internationally. While we acknowledge the potential of PLUS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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