Bahrain’s IT market to hit $185.64m

Business Bureau, Gulf Today

Future government and digital transformation are driving Bahrain’s IT market to reach a record-high of BHD 70 million ($185.64 million) by 2021, the newly appointed Country Manager of SAP Bahrain announced on Sunday.

In line with Bahrain Economic Vision 2030 to foster economic diversification, organisations are increasingly digitally transforming, especially with real-time software to transform citizen and customer experiences. As a result, Bahrain’s IT market is growing by 8 per cent to BHD 70 million ($185.64 million) by 2021, according to BMI Research. “Bahrain’s record-high IT spend shows how rapidly digital transformation is accelerating for the public and private sectors,” said Reham Almusa, Country Manager, SAP Bahrain. “Bahraini organisations, especially in the public sector and banking and finance, are becoming Intelligent Enterprises to gain a competitive edge, predict citizen and customer needs, and drive innovation.”

One of Bahrain’s biggest opportunities is to run on the cloud to optimise costs and business agility, and to scale up. SAP is seeing strong Bahrain interest on SAP ’s Saudi Arabia Digital Hub and cloud data centre.

Fostering Bahrain’s innovation community and youth development, Bahrain Polytechnic has launched the country’s first SAP Next-Gen Hub. The virtual space, at leading universities, enables the SAP ecosystem of customers and partners to co-innovate and co-create with students.

Dr Jeff Zabudsky, CEO, Bahrain Polytechnic, stated: “We are delighted to have launched the first SAP Next-Gen Hub in collaboration with SAP. We want to continue collaborating with our industry partners to ensure that our students are educated with the best practices with SAP Next-Gen resources to utilise SAP software and curriculum in classrooms.”