"United Arab Emirates Information Technology Report Q3 2016" now available at Fast Market Research
New Computer Technology market report from Business Monitor International: "United Arab Emirates Information Technology Report Q3 2016"
[ClickPress, Fri Jul 22 2016] After spending contracted in 2015 as the hardware segment dragged down the IT market as a whole, we expect the market to return to growth over the medium term, but at a relatively subdued compound annual growth rate of 3.4% over 2016-2020 , with total IT spending rising to AED19. 6 bn in 2020. Our core scenario is for the oil market to stabilise and raise the economic trajectory of the UAE and wider region, which will strengthen enterprise sentiment and encourage investment, particularly in software and services such as cloud services and Internet of Things solutions. However, t he hardware market will be much more challenging for vendors as a result of market maturity and economic uncertainty.
Latest Updates & Industry Developments
Hardware Sales: AED7.7bn in 2016 to AED7.4bn in 2020. A decline in visitor spending as sanctions on Iran are eased will be a drag given the core domestic market is saturated, outweighing the positive impact of population growth.
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Software Sales: AED3.5bn in 2016 to AED4.2bn in 2020. Enterprise spending should move higher again, with areas of outperformance expected in Software-as-a-Service and cybersecurity solutions.
IT Services Sales: AED6.0bn in 2016 to AED8.0bn in 2020. Demand for cost efficiencies in the oil sector is a new opportunity for smart services providers, while more broadly we expect wider growth of outsourcing, managed services and cloud computing in the UAE.
The United Arab Emirates Information Technology Report features BMI Research'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 United Arab Emirates 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 United Arab Emirates.
Benchmark BMI's independent IT Industry forecasts for United Arab Emirates to test other views - a key input for successful budgetary and strategic business planning in the Emirati IT market.
Target business opportunities and risks in United Arab Emirates's IT sector through our reviews of latest industry trends, regulatory changes, and major deals, projects and investments in United Arab Emirates.
Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).
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