Dubai, United Arab Emirates: ICT Circle - the world’s first B2B online platform and first-of-its-kind, that connects the entire ICT industry has cemented its position in the UAE with huge inventory of stock-keeping units (SKUs) in a niche IT Products category. While this marks a milestone achievement for the company, ICT Circle envisions to expand to GCC and MENA in next 6 months and eventually go global by year 2024.
ICT Circle is an e-commerce platform that facilitates the buying and selling of products and solutions within the ICT ecosystem. The platform enables vendors, distributors, resellers, and system integrators in the ICT sector to scale up their business capabilities by utilizing cloud computing. The company have captured the interest of large number of IT distributors (Big & Small) worldwide and with more than 100’s of active subscribers using the platform on daily basis, thus enabling members of the ICT fraternity to connect, network and strike the best deals.
Avinash Wadhwa, Co-Founder and CEO, ICT Circle, commenting on the milestone achievement he said, “We are pleased to achieve this milestone for ICT Circle within this short span. This further bolsters our confidence, and we are aiming to expand our services in the GCC and MENA region in the coming months. ICT Circle is a marketplace that enables collaboration between all the key players of the Information communications and technology sector. Its freemium model lets users enlist their business, upload SKUs, search products by category or company, inquire through broadcasts, find buyers and sellers, and compare prices to strike the most profitable deals. Being the first-of-its-kind, we are confident that this will serve as a game-changer for the ICT industry.”
Frost & Sullivan’s recent analysis finds that governments’ digital transformation initiatives and enterprises’ acceptance of disruptive technologies catalyze the Middle East ICT market growth. As a result, it is expected to reach $95.05 billion by 2025 from $84.23 billion in 2020 at a compound annual growth rate (CAGR) of 2.4%. Rising demand for technologies, including artificial intelligence (AI), machine learning, and internet of things (IoT), are driving market growth.
With the introduction of ICT Circle, industry stakeholders will be able to reduce operational costs as products are made available online, and distributors will get better insights on latest technologies. The platform facilitates the easy launching and testing of new products while offering verified and secured transactions so that businesses can be conducted with peace of mind. Overall, ICT Circle will provide global exposure and enhanced reach towards potential customers in the industry.
“In today’s world, businesses are looking for a robust platform that can give them an edge, where they can standout with the products and services they offer. ICT Circle is that very platform which provides a great venue for exchange of not just products and services but of ideas and experiences. Real-time SKUs, online catalogs, and integration with social media platforms make ICT Circle a unique platform with all the hallmarks of a game-changer for its members,” added Wadhwa.
Members who subscribe to the platform will enjoy access to features such as, escrow facility, real-time market analytics, closed partner circle, ad promotions, lead generation assistance, product insurance, logistics assistance, inspection & verification services, access to other partners’ SKUs and much more. Easy to use features offered by ICT Circle enable seamless indent sales, procurement, marketing, and training to its subscribers, thus simplifying the day-to-day processes of the ICT community.
To summarize, the platform is an exclusive network of vendors, distributors, system integrators & resellers, that offer its active users in ICT B2B channel space to connect, interact, transact and stay informed on market developments in their respective regions.
-Ends-
Source: https://www.helpnetsecurity.com/2021/07/07/middle-east-ict-market-2025/
© Press Release 2021
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
