New Market Research Report: Qatar Information Technology Report Q2 2015

We have revised down our forecast for Qata ri IT market growth in the Q2 15 update, as well as extending our forecast to 2019. However, we still have a bullish outlook for IT sector growth 2015-2019, and maintain our view that Qatar's high private consumption levels and bright economic growth outlook will combine to make the market a regional outperformer . Although Qatar 's small population prevents it from becoming a major IT hub in the MENA region, t he 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/980272_qatar_information_technology_report_q2_2015.aspx?afid=301

Headline Expenditure Projections

* Computer Hardware Sales: QAR2.18bn in 2014 to QAR2.58bn in 2019, a compound annual growth rate (CAGR) of 3.4% in local currency terms. After a small contraction in 2015 due to decline of the tablet market, we forecast stronger medium-term growth once the tablet market adjusts to replacement demand, rather than rapid diffusion of ownership in the initial boom.
* Software Sales: QAR837mn in 2014 to QAR1.25bn in 2019, a CAGR of 8.4% 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: QAR1.63bn in 2014 to QAR2.66bn in 2019, a CAGR of 10.4% 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...

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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