Saudi Arabia Information Technology Report - Business Monitor International - Industry Reports

Saudi Arabia Information Technology Report

Saudi Arabia Information Technology Report - Business Monitor International - Industry Reports
Saudi Arabia Information Technology Report
Published Oct 01, 2016
73 pages — Published Oct 01, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

We lowered the forecast of Saudi IT spending in ---- after a sharp contraction in retail hardware spending was reported by retailers in H---. We now forecast a decline of -.- to SAR--.-bn, largely the result of a second successive year of double digit declines in hardware spending. ...Therefore, the market is highly dependent on replacement and upgrade sales and this contributed to the level of deferred purchases observed in ----, a trend that is evident again in ----. The low oil price has put pressure on government spending and resulted in a weaker economic outlook, with real GDP growth forecast at just -.- in ---- and real growth in government spending at -.- . This will affect wider sentiment in the enterprise and consumer markets and result in deferred non-essential spending and substitution for cheaper devices and solutions. ...This will affect wider sentiment in the enterprise and consumer markets and result in deferred non-essential spending and substitution for cheaper devices and solutions. However, if the depressed oil market declines even further, it could begin to threaten Saudi government finances even more.

...Government drives to modernise public administration, as well as large investments in IT for healthcare and education. Oil price decline has increased pressure to maximise efficiency, increasing the scope for smart services solutions sales to the oil and gas sector. ...Oil price decline has increased pressure to maximise efficiency, increasing the scope for smart services solutions sales to the oil and gas sector. Smart Cities investment and the promotion of machine-to-machine communications by telecoms operators across a range of verticals creates demand for IT software and services, and also enables real-time business software applications. Modernisation of enterprises outside the hydrocarbons sector should see growing adoption of business software including enterprise resource planning, customer resource management and business intelligence. Growing awareness of, and interest in, cloud computing models as telecoms infrastructure improves. Small and medium enterprise opportunity a key area for hosting and infrastructure cloud services.

...BMI View: Uncertainty surrounds Saudi Arabia s economic and IT market outlook in a lower oil price environment after there were steep declines in the oil price since ----. The core scenario is for a stabilisation in oil prices, and economic performance, that will support an IT spending CAGR of -.- over ---------. ...

  
Source:
Document ID
1752-4318
Country
Industry
Industry
Format:
PDF Adobe Acrobat
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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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Cite this Report

  
MLA:
Business Monitor International - Industry Reports. "Saudi Arabia Information Technology Report" Oct 01, 2016. Alacra Store. Dec 08, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Saudi-Arabia-Information-Technology-Report-2026-468>
  
APA:
Business Monitor International - Industry Reports. (2016). Saudi Arabia Information Technology Report Oct 01, 2016. New York, NY: Alacra Store. Retrieved Dec 08, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Saudi-Arabia-Information-Technology-Report-2026-468>
  
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