Kuwait Information Technology Report - Business Monitor International - Industry Reports

Kuwait Information Technology Report

Kuwait Information Technology Report - Business Monitor International - Industry Reports
Kuwait Information Technology Report
Published May 28, 2016
63 pages — Published May 28, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

BMI forecast another year of weak growth for Kuwait s IT market in ----, with the value expected to rise -.- to KWD---.-mn. The low oil price filters through to our Country Risk team s outlook for real GDP growth of -.- and private final consumption growth of -.- in ----. ...The low oil price filters through to our Country Risk team s outlook for real GDP growth of -.- and private final consumption growth of -.- in ----. The slow consumption outlook is detrimental to IT hardware dynamics, where the low in consumer confidence comes at the same time as the retail market is saturated, even for tablets. The combination of these trends informs our view that the hardware segment will contract again in ----, both in value and volume terms, and underperform software and services. ...There is, however, scope for vendors to exploit new opportunities, some of which are presented by the challenging environment. The low oil price places greater pressure on firms to maximise efficiency as a means of ensuring they are not the

...Hardware: Sales in Kuwait will decrease from KWD---.-mn in ---- to KWD---.-mn in ----, recording a compound annual growth rate (CAGR) of --.- . 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 KWD--.-mn in ---- to KWD--.-mn in ----, at a CAGR of -.- . 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 KWD---.-mn in ---- to KWD---.-mn in ----, at a CAGR of -.- . ...Services: Spending is forecast to increase from KWD---.-mn in ---- to KWD---.-mn in ----, at a CAGR of -.- . 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.

...BMI View: 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). ...

  
Source:
Document ID
1750-5089
Country
Industry
Industry
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Kuwait Information Technology Report" May 28, 2016. Alacra Store. Dec 05, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Kuwait-Information-Technology-Report-2026-473>
  
APA:
Business Monitor International - Industry Reports. (2016). Kuwait Information Technology Report May 28, 2016. New York, NY: Alacra Store. Retrieved Dec 05, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Kuwait-Information-Technology-Report-2026-473>
  
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