IDC reports: MDS System Integration leading the way in the IT Services market across GCC
As LEAP 2023 opens in Riyadh, MDS System Integration Group highlights excellent FY2021 results across whole Gulf region featured in IDC reports
MDS System Integration Group (MDS SI Group) is leading the way in the IT Services market across the GCC according to recently released IDC Competitive Profiles and 2021 Analysis of IT Services players. The Group leads the market in UAE and Oman, and is an increasingly successful contender in Qatar, and also in the KSA market, up from ninth in 2020 to eighth place in 2021.
The annual IDC reports highlight that the Group increased IT Services revenue in UAE to $443.28m and maintained a market share at 14%. In the Kingdom of Saudi Arabia, MDS SI Group increased IT Services revenue significantly, almost doubling revenue to $145.04m. In Qatar, the Group was in second place in the market with a revenue of $141m and 16.9% of the market share. Finally, the IDC report noted strong results in Oman, leading the sector with 12.3% of the market share and revenue of $31.2m at the end of FY2021.
“This recognition by IDC, of our excellent performance in this increasingly competitive marketplace, is a great tribute to the hard work of everyone within the Group” said Sami Abi Esber, President of MDS System Integration Group.
“It’s important to highlight that we have managed to increase our revenue and market share in most of the key foundation markets. It is also key to realizing our vision of being the Leading Regional System Integrator helping customers in their DX Journey and our strategy of growing our Solutions and Services business, while embracing new technologies which is giving us an edge over other competitors – and this has been mentioned as a distinctive strategic edge by IDC.”
According to the IDC UAE report, “MDS SI Group focuses on developing capabilities around the key technologies of Cloud, Cybersecurity, Big Data, Analytics, and Artificial Intelligence (AI) to fulfill the digital transformation aspirations of its clients. The group embraces both organic and inorganic approaches to developing these capabilities. Its strong financials and zero debt position means it is able to acquire companies to strengthen its services portfolio.”