Israel Information Technology Report Q2 2015 - New Market Study Published

Israel has the most mature IT market in the Middle East and Africa region, and its skilled workforce, vibrant start-up culture and strong government and university engagement in developing cutting edge research has attracted investment from nearly all major global IT firms. However, because of the comparatively high penetration of IT products and services, as well as its small population, Israel's IT market is expected to grow more slowly than most others in the region. Between 2010 and 2014, the IT market was also impacted by sluggish GDP growth, but we expect an improving macroeconomic outlook to support accelerating demand for IT software and services in the latter years of our forecast period to 2018. Given Israel's geopolitical location and the uptick in violence in the region, we expect spending on cyber security to be a key driver of growth in Israel's IT market, chiming with our view that software and services will increase as a proportion of IT spend to account for 65% of the market by 2018.

Full Report Details at
- http://www.fastmr.com/prod/953232_israel_information_technology_report_q2_2015.aspx?afid=301

Headline Expenditure Projections

Computer Hardware Sales: Forecast to reach ILS9.225bn in 2014, up from ILS9.143bn in 2013. We expect a return to growth in 2014 to be driven by the launch of 4G mobile networks and ongoing migration to the Windows 8 OS.

Software Sales: ILS5.867bn in 2014, up 4.5% year-on-year (y-o-y) from ILS5.524bn in 2013. Enterprise software spending will be the main growth driver as device and data proliferation will result in increased spending on customer relationship management (CRM), databases and business intelligence.

IT Services Sales: We expect IT services sales will continue to outperform the rest of the IT market, reaching ILS8.26bn in 2014, up from ILS7.91bn in 2013. Cyber security services will outperform in terms of growth, but it will be stable sectors such as government and defence that continue to account for the majority of spending.

Key Trends And Developments

In September 2014 the Israeli government...

The Israel 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 Israel 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 Israel.

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