Israel Information Technology Report Q3 2016 - New Study Released

From: Fast Market Research, Inc.
Published: Tue May 31 2016

Israel's IT industry registered strong export performance in 2015, led by the chip industry, but domestic IT spending weakened slightly as shekel depreciation was a drag on confidence and reduced the affordability of imports. We believe that the slowdown will be short-lived and forecast total IT market spending will increase at a CAGR of 5.6% 2016-2020 to a total of ILS29.2bn, with software and IT services expected to lead the market as the adoption of cloud computing services and IoT services increases. Meanwhile, a mature hardware market means that segment will underperform, but income growth trends point to opportunities at the premium end of the market that could offer wider margins.Latest Updates & Industry DevelopmentsIT hardware sales will expand from ILS6.25bn in 2016 to ILS6.95bn in 2020, corresponding to a compound annual growth rate (CAGR) of 2.7%. A mature market, but deferred upgrades from 2014 and 2015 alongside household income growth should put the segment on a faster growth trajectory.Software sales will increase from ILS6.12bn in 2016 to ILS7.54bn in 2020, a CAGR of 5.4%. Cybersecurity solutions are in high-demand, while in the broader applications market cloud availability should broaden adoption, but this will be countered slightly by greater more intense price competition.IT services will the outperforming segment of the sector, and is forecast to grow from ILS11.14bn in 2016 to ILS14.73bn in 2020, at a CAGR of 7.2%. Demand for cloud computing, Internet of Things (IoT) and outsourcing services expected to be robust.

Full Report Details at

The Israel 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 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.

Key Benefits
Benchmark BMI's independent IT Industry forecasts for Israel to test other views - a key input for successful budgetary and strategic business planning in the Israeli IT market.
Target business opportunities and risks in Israel's IT sector through our reviews of latest industry trends, regulatory changes, and major deals, projects and investments in Israel.
Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).


BMI Industry View

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Indonesia Information Technology Report Q3 2016
- Turkey Information Technology Report Q3 2016
- Argentina Information Technology Report Q3 2016
- Hungary Information Technology Report Q3 2016
- Colombia Information Technology Report Q3 2016

Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email:
Contact Phone: 1-413-485-7001

Visit website »