Emerging Investment Opportunities for IT Consultancies in Dubai

While information technology is an integral part of every business, for many firms, it is not their core business. So, trying to solve all their IT challenges internally can be burdensome, causing other aspects of their business to suffer. Protiviti, a global consulting firm, recently conducted an IT Audit Benchmarking Survey, wherein 78% of the respondents revealed seeing gaps in their IT capabilities, along with a lack of necessary resources to sufficiently address all areas of their IT audit plans. To make up for this gap, more and more companies are increasing their investments in and dependency on information technology consultancies. IT consultants study the nature of their client’s firm to advise on, plan, propose and install systems and applications that best suit their needs. These experts use all of the tools at their disposal to help clients improve their administrative and technical performance.

Dubai sees burgeoning demand for IT consultancies

The information technology consultancy business is huge in Dubai due to the vast nature of its job. Professionals are required to have adequate knowledge about troubleshooting software, hardware, and network problems and how all of these things work together in streamlining IT operations. They also require excellent advisory, technical, business, communication, and management skills. According to a study by Source Global Research, the UAE’s consulting market is set to expand by 15% in 2021. The study further states that over six in ten organizations in the region plan to increase their use of consultants over the next 18 months, with the energy, resources, manufacturing, media, and telecom sectors showing a keen interest. 

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Benefits of setting up your business in Dubai

Every organization in Dubai is embracing information technology consultancies to stay ahead of the competition. The ever-growing demand from various sectors makes the IT consulting business a lucrative investment.

1. Growth opportunities With a growing number of companies being set up in Dubai, the demand for IT consulting services is also rising. Companies, especially ones that are in the incubation phase, require expert guidance and advice on determining appropriate technologies for their businesses. They prefer outsourcing their technical needs to professional consultants in an attempt to achieve feasible solutions while saving costs.
2. Diversity IT services in Dubai are not limited to a single industry. All companies, regardless of the industry they operate in, require IT guidance. An IT consultancy business lets you expand your area of expertise over time by serving a diverse range of fields.
3. Vast income potential Referrals can be a very impactful way to attract new customers in the IT consulting business. Moreover, in this business, there is no limit as to how much you can make. The greater your consulting skills and the more time you put into your business, the more profits you make.

At Flying Colour Business Setup Services, we provide a simple and effortless approach for setting up your business in Dubai. If you are interested, reach out to us at +971 4 4542366 or email us at info@flyingcolour.com. *Please Note: This article was published on 01st June 2021. The information provided in the article is based on the policies and rules applicable at the time of writing it. Talk to one of our consultants for any recent updates or changes.