Just Published: "United Arab Emirates Information Technology Report Q2 2016"

The UAE IT market experienced a contraction in 2015 as a downturn in hardware spending dragged down the overall market. Although we expect to 2016 to see a return to positive growth , medium term growth will remain subdued but stable. Our forecast anticipates a CAGR of 3.4% over 2016-2020 with total IT spending rising to AED19. 6 bn in 2020. The hardware market will be challenging as a result of market maturity and economic uncertainty. However, we maintain a more upbeat outlook for software and services as enterprise and government modernisation initiatives continue. Areas that will experience the strongest growth include cloud services and Internet of Things (IoT) solutions. The UAE is expected to be a regional leader for both .

Full Report Details at
- http://www.fastmr.com/prod/1152779_united_arab_emirates.aspx?afid=301

Latest Updates & Industry Developments

Hardware Sales: AED7.67bn in 2016 to AED7.41bn in 2020. A combination of a saturated PC market, price erosion and an uncertain economic outlook will make hardware the underperforming segment.

Software Sales: AED3.48bn in 2016 to AED4.23bn in 2020. Software-as-a-service provision will continue to deepen the enterprise application market, while we also have a bright outlook for cybersecurity spending growth.

IT Services Sales: AED6.04bn in 2016 to AED7.98bn in 2020. Economic uncertainty will strengthen the search for cost efficiencies, benefiting outsourcing, managed services and cloud computing - and the UAE is also a leading market for IoT adoption.

The United Arab Emirates Information Technology Report features BMI Research's market assessment and independent forecasts covering personal computers and software; semi-conductors, memory chips, integrated circuits and general components; the internet and IT solutions. It analyses analyses regulatory changes (licensing, customs and intellectual property protection) and competitive landscapes comparing IT companies by products, sales, market share, investments, projects and expansion strategies.

BMI's United Arab Emirates Information Technology Report provides industry professionals and strategists, corporate analysts, IT associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the IT industry in United Arab Emirates.

Key Benefits
Benchmark BMI's independent IT Industry forecasts for United Arab Emirates to test other views - a key input for successful budgetary and strategic business planning in the Emirati IT market.
Target business opportunities and risks in United Arab Emirates's IT sector through our reviews of latest industry trends, regulatory changes, and major deals, projects and investments in United Arab Emirates.
Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).

Coverage

BMI Industry View

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