Lebanon Information Technology Report 2016 - Business Monitor International - Industry Reports

Lebanon Information Technology Report 2016

Lebanon Information Technology Report 2016 - Business Monitor International - Industry Reports
Lebanon Information Technology Report 2016
Published Nov 14, 2015
57 pages — Published Nov 14, 2015
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

Key to our view for a strengthening of IT market spending growth over the medium term is the expectation of our Lebanon Country Risk team for a recovery in economic growth. We envisage real GDP growth will average -.- annually ---------, a marked improvement on average growth of -.- ---------. ...The national broadband plan, announced by Telecoms Minister Boutros Harb in July ----, will generate demand for mobile computing devices, as well as enabling enterprise solutions such as cloud computing and aid the development of the local outsourcing industry. The broadband roll out will cost more than USD---mn (funded by the Ministry of Telecommunications) and will include an initial fibre network directly connecting to around --,--- commercial, banking, financial and economic institutions in the first phase, while another direct fibre network will connect homes and offices. We do however caution that without accompanying sector liberalisation high cost of telecoms services could continue to stymie usage, and therefore reduce the potential benefits to the IT market and wider society. ...Meanwhile, cloud computing will be enabled by data network capacity and reach, and BMI believes the positive impact of this development will include the deepening of the enterprise application market to Lebanon s large base of SMEs. Most SMEs are still in the developmental phase of IT infrastructure, and are a significant target for cloud service providers that can offer pricing plans in-line with smaller budgets that make on-premises deployments inefficient.

...< ALACRA META ABSTRACT>BMI View: The Lebanese IT market, like the wider economy, underperformed its potential --------- as a result of domestic political inertia and regional security risks - and we expect this will continue to be the case in ----. We do however have a more bullish outlook for the IT market from ----, and forecast a local currency spending growth CAGR of -.- for ---------, with total spending of LBP---.-bn expected in ----. ...We do however have a more bullish outlook for the IT market from ----, and forecast a local currency spending growth CAGR of -.- for ---------, with total spending of LBP---.-bn expected in ----. Our core scenario envisages income growth, improvements to telecommunications infrastructure, improving business sentiment and modernisation initiatives by both the public and private sector contributing to stronger demand for IT products and solutions. The outlook for Lebanon is however subject to considerable uncertainty and downside risk due to the domestic political situation and conflict in Syria. ...The outlook for Lebanon is however subject to considerable uncertainty and downside risk due to the domestic political situation and conflict in Syria. There has already been significant outward migration of skilled labour, and suppressed business sentiment ---------, and further security risks or ongoing political stalemate could exacerbate these trends and derail any progress made.

...These bright spots will however be countered by domestic political inertia and regional security challenges. For instance, overland trade routes with the GCC have been eliminated since the April ---- capture by Syrian rebels of the Nasib border crossing between Syria and Jordan, which is of significance due to the GCC accounting for around -- of Lebanese exports. ...

  
Source:
Document ID
1752-427X
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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. "Lebanon Information Technology Report 2016" Nov 14, 2015. Alacra Store. Dec 08, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Lebanon-Information-Technology-Report-2016-2026-620>
  
APA:
Business Monitor International - Industry Reports. (2015). Lebanon Information Technology Report 2016 Nov 14, 2015. New York, NY: Alacra Store. Retrieved Dec 08, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Lebanon-Information-Technology-Report-2016-2026-620>
  
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