"Turkey Information Technology Report Q4 2015" now available at Fast Market Research

We downgraded the growth outlook for Turkey's IT market in 2015 in the Q4 update in response to a more bearish lira outlook by our Country Risk team - which we expect to be a drag on growth through the erosion of purchasing power in global markets. Over the medium term however o ur core scenario for Tu rkey is bullish. We expect a convergence of income growth, declining device prices, inward investment and domestic private and public sector modernisation initiatives to drive demand growth. However, there exists significant downside risk from both the vulnerability of the economy to shocks due to a reliance on external financing, the growing concerns over the domestic political situation and the potentia l for security threats to spill over from neighbouring Syria. Internet censorship is a growing characteristic of the Erdogan administration and could put off some investors from investing in internet start-ups, while an escalation of the eurozone crisis or a hard landing in China could derail growth.

Full Report Details at
- http://www.fastmr.com/prod/1032920_turkey_information_technology.aspx?afid=301

Headline Expenditure Projections

Computer Hardware: TRY11.768bn in 2014 to TRY12.812bn in 2015, +8.9%. A more bearish outlook for lira depreciation resulted in downgrade in the Q4 update, while proposed customs duties could result in a further downgrade to the tablet growth outlook.

Software: TRY2.121bn in 2014 to TRY2.439n in 2015, +15.0%. Consumer software spending will remain flat in 2015, but we expect enterprise resource planning spending will grow, particularly among small- and medium-sized enterprises as the software-as-a-service market deepens.

Services: TRY2.946bn in 2014 to TRY3.439bn in 2015, +16.7%. We identify strong prospects for cloud computing growth as telecoms operators invest in infrastructure and service development, but regulatory challenges continue to act as a bottleneck to faster growth of cloud services spending.

The Turkey 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 Turkey 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 Turkey.

Key Benefits

* Benchmark BMI's independent IT Industry forecasts for Turkey to test other views - a key input for successful budgetary and strategic business planning in the Turkish IT market.
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