New Report Available: Kuwait Information Technology Report Q2 2016

The growth outlook for Kuwait's IT market is weak, with the slowdown in private consumption in a saturated retail PC market the main factor in a hardware centric IT market. We forecast total IT spending will increase at a CAGR of 1. 4 % over 2016-2020, with software and services expected to outperform. Although the hardware segment has the weakest outlook, and is expected to contract slightly over the medium term, it will nonetheless remain highly lucrative due to the large premium segment. Meanwhile, software and services have a brighter outlook as the low oil price acts as a catalyst for diversifi cation and investments in cost-saving and flexibility- enhancing IT solutions.

Latest Updates And Developments

Hardware: Sales in Kuwait will decrease from KWD154.0mn in 2016 to KWD151.0mn in 2020, recording a compound annual growth rate (CAGR) of -0.6%. Weak consumption outlook in a saturated market will result in mild contraction of retail hardware spending.
Software : Spending is forecast to increase from KWD57.0mn in 2016 to KWD62.0mn in 2020, at a CAGR of 2.0%. Weak economic sentiment a drag on spending growth, but this will be offset by modernisation initiatives as enterprises look to cut costs.
Services: Spending is forecast to increase from KWD106.0mn in 2016 to KWD123.0mn in 2020, at a CAGR of 3.9%. The cost savings and increased flexibility offered by services such as cloud computing and outsourcing will support IT services outperformance in an environment of elevated economic uncertainty.

Full Report Details at
- http://www.fastmr.com/prod/1130939_kuwait_information_technology.aspx?afid=301

The Kuwait 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 Kuwait 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 Kuwait.

Key Benefits
Benchmark BMI's independent IT Industry forecasts for Kuwait to test other views - a key input for successful budgetary and strategic business planning in the Kuwaiti IT market.
Target business opportunities and risks in Kuwait's IT sector through our reviews of latest industry trends, regulatory changes, and major deals, projects and investments in Kuwait.
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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