(MENAFNEditorial)
The regional security situation particularly the deterioration in neighbouring Iraq presents downside risk to our core outlook for the IT market in Kuwait to continue expanding each year over our medium - term forecast to 2018 . Nonetheless we expect it to remain one of the most lucrative markets in the region in per - capita terms. Kuwait had one of the highest GDP per capita levels in the world at the end of 2014 and with only 2% of its population residing in rural areas the retail hardware market has proved fertile ground for premium vendors such as Apple . As a result we are confident that IT spending will continue to increase over our forecast period projected to come in at KWD332mn in 2015 an increase of 4.0 % from 2014 .
Full Report Details at
- http://www.fastmr.com/prod/924205_kuwait_information_technology_report_q1_2015.aspx?afid=101
Headline Expenditure Projections
* Computer Hardware Sales: KWD161mn in 2014 to KWD165mn in 2015 +2.8% in local currency terms. Tablet market is expected to plateau due to saturation and weaker upgrade demand but notebook sales are expected to grow and the premium focus of Kuwaiti consumers will ensure it remains a lucrative market.
* Software Sales: KWD57mn in 2014 to KWD60mn in 2015 +6.2% in local currency terms. Piracy is a major drag on growth while there will also have been a slight slowdown in growth in 2014 when the withdrawal of Microsoft support for XP boosted OS upgrade spending.
* IT Services Sales: KWD101mn in 2014 to KWD106mn in 2015 a 4.8% increase in local currency terms. Cloud computing e-government and machine-to-machine services are identified as key growth areas over the medium term.
Key Trends And Developments
Kuwait is one of the most developed tablet markets globally. BMI estimates tablet penetration reached 37.5% at the end of 2014 up 7.5 percentage points (pp) year-on-year and up from 18% at the end of 2012. The rapid increase in penetration has corresponded to a sharp increase in volumes but as a result of the short and sharp boom it is one of the...
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 through our reviews of latest industry trends regulatory changes and major deals projects and investments in Kuwait.
* Assess the activities strategy and market position of your competitors partners and clients via our Company Profiles (inc. KPIs and latest activity).
Coverage
BMI Industry View
Summary of BMI's key industry forecasts views and trend analysis covering IT regulatory changes major investments and projects and significant national and multinational company developments.
Regional Overview
Cross-border analysis of regional markets commenting on IT penetration (PC and internet) and market growth drivers (IT market size and IT market compound growth).
Country Market Overview
Structure size and value of the industry sectors including hardware software and services; overview of the industry landscape and key players; assessment of the business operating environment and the latest regulatory developments and government authority.
BMI Industry Forecasts
Historic data series and forecasts to end-2018 for all key industry indicators (see list below) supported by explicit assumptions plus analysis of key downside risks to the main forecast including:
IT Sector: IT industry value (US$bn); IT sector contribution to GDP (%); value of hardware software and services industry (US$mn); PC peripherals and software imports and exports (US$mn); PC peripherals and software sales (US$mn); number of PCs (`000); PCs/100 inhabitants; internet users (`000); internet users per 100 inhabitants; broadband subscribers (`000); broadband subscribers per 100 inhabitants.
Economy: Economic growth (%); nominal GDP (US$bn); unemployment (%); interest rates (%); exchange rate (against US$).
BMI Macroeconomic Forecast
BMI forecasts for all headline macroeconomic indicators to end-2018 including real GDP growth inflation fiscal balance trade balance current account and external debt.
Competitive Landscape
Full analysis of the competitive landscape within the hardware software and services sectors.
Company Profiles
Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts our macroeconomic views and our understanding of the wider competitive landscape. The latest financial and operating statistics and key company developments are also incorporated within the company profiles enabling a full evaluation of recent company performance and future growth prospects.
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