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

A combination of market maturity and a weaker economic outlook following the decline in oil price result in a weak growth outlook for the Kuwaiti IT market. The retail market is saturated, with high penetration even for the younger tablet device category, meaning growth opportunities are limited and vendors have to focus on replacement/upgrade sales . That said, high income levels will ensure in remains a lucrative market in per capita terms, offsetting some of the downside of its small population and limited growth prospects. Meanwhile, in the enterprise sector the dominance of the oil and gas industry means IT investments trail other GCC markets where overweight IT spending verticals such as financial services are more prominent. Taking these trends together we forecast IT spending growth of 0.6 % in local currency terms in 2015 and a CAGR of 2.4 % to 2019.

Full Report Details at
- http://www.fastmr.com/prod/1047952_kuwait_information_technology.aspx?afid=302

Headline Expenditure Projections :

Computer Hardware Sales: KWD158mn in 2014 to KWD157mn in 2015, -0.6% in local currency terms. The tablet market is forecast to contract after rapid diffusion of ownership among the core user group and lengthening replacement cycles, resulting in market value contraction.
Software Sales: KWD56mn in 2014 to KWD57mn in 2015, +2.7% in local currency terms. Piracy is a major drag on growth, while the withdrawal of Microsoft support for the XP operating system (OS) in 2014 brought some OS upgrade demand forward to 2015, resulting in deceleration in spending growth in 2015.
IT Services Sales: KWD99mn in 2014 to KWD101mn in 2015, a 1.3% increase in local currency terms. Cloud computing, e-government and machine-to-machine services are identified as key growth areas over the medium term but IT services will remain relatively underdeveloped in Kuwait due to an unfavourable enterprise mix by vertical.

The Kuwait 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 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

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