"Kuwait Information Technology Report Q3 2016" is now available at Fast Market Research

From: Fast Market Research, Inc.
Published: Mon Jun 13 2016

A combination of economic uncertainty in a low oil price environment and a saturated core market for IT hardware means we have low expectations for IT spending growth in Kuwait over the medium term. The downturn in economic sentiment and slowdown in private consumption in a saturated retail PC market is a major source of downside risk, as Kuwait is a consumer hardware- centric IT market due to low enterprise spending (a result of oil's dominance of the economy ) . There is , however, upside risk to the enterprise market outlook where software and services growth could be sustained by a low oil price acting as a catalyst for diversification and investments in cost-saving and flexibility-enhancing IT solutions. We forecast total IT spending will increase at a CAGR of 1. 4 % over 2016-2020, with software and services expected to outperform.

Full Report Details at
- http://www.fastmr.com/prod/1182814_kuwait_information_technology.aspx?afid=301

Latest Updates And Developments

Hardware: Sales in Kuwait will decrease from KWD154.1mn in 2016 to KWD150.7mn in 2020, recording a compound annual growth rate (CAGR) of -0.6%. Population growth a positive but weak consumption outlook in a saturated market will outweigh this upside and result in mild contraction of retail hardware spending.

Software : Spending is forecast to increase from KWD57.3mn in 2016 to KWD62.0mn in 2020, at a CAGR of 2.0%. The market is small due to oil dominating Kuwait's economy, and being a low IT spending vertical, but there are select opportunities in enterprise modernisation initiatives.

Services: Spending is forecast to increase from KWD105.7mn 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.

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.

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Contact Name: Bill Thompson
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