New Report Available: Qatar Information Technology Report Q1 2015

Qatar's high private consumption levels and bright economic growth outlook are generating good opportunities in the country's IT sector. Although Qatar's small population prevents it from becoming a major IT hub in the MENA region, the ICT sector has been a key beneficiary of the government's drive to diversify the economy away from the hydrocarbons, notably through its e-Government 2020 Strategy and strong support for the development of smart cities. BMI expects the government to remain committed to these goals, despite the sharp drop in oil prices in the second half of 2014. Indeed, lower oil prices further emphasise the importance of catalysing growth in other sectors, and the government can rely on large fiscal reserves to continue enhancing IT systems across government agencies and state-owned companies, at least over the next two to three years.

Full Report Details at
- http://www.fastmr.com/prod/938442_qatar_information_technology_report_q1_2015.aspx?afid=301

Headline Expenditure Projections

* Computer Hardware Sales: QAR2.95bn in 2014 to QAR4.26bn in 2018, CAGR of 9.2% in local currency terms. Despite high PC penetration, high incomes will foster multiple device ownership as tablets and other new touch form factors make up a larger share of sales.
* Software Sales: QAR1.311bn in 2014 to QAR2.13bn in 2018, CAGR of 13.2% in local currency terms. Scope remains for growth in the enterprise software market over the medium term with low current penetration by international standards.
* IT Services Sales: QAR2.294bn in 2014 to QAR3.753bn in 2018, CAGR of 14.4% in local currency terms. Services are expected to perform well in the IT market in the medium term due to demand for cloud computing, smart systems and security services from the public and private sectors.

Risk/Reward Rating

Qatar dropped one spot to second place on our Risk/Reward Index for the Middle East and Africa region, owing to Israel's improved score. Qatar's aggregate score of 69.4 out of a possible 100 was still higher than any of its GCC peers. Its score is boosted by a nearly entirely...

The Qatar Information Technology Report features Business Monitor International (BMI)'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 Qatar 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 Qatar.

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