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Kuwait Information Technology Report Q3 2016

  • June 2016
  • -
  • Business Monitor International
  • -
  • 63 pages

Includes 3 FREE quarterly updates

BMI View: A combination of economic uncertainty in a low oil price environment and a saturated coremarket for IT hardware means we have low expectations for IT spending growth in Kuwait over the mediumterm. The downturn in economic sentiment and slowdown in private consumption in a saturated retail PCmarket is a major source of downside risk, as Kuwait is a consumer hardware-centric IT market due to lowenterprise spending (a result of oil's dominance of the economy). There is, however, upside risk to theenterprise market outlook where software and services growth could be sustained by a low oil price actingas a catalyst for diversification and investments in cost-saving and flexibility-enhancing IT solutions. Weforecast total IT spending will increase at a CAGR of 1.4% over 2016-2020, with software and servicesexpected to outperform.

Latest Updates And Developments

- Hardware: Sales in Kuwait will decrease from KWD154.1mn in 2016 to KWD150.7mn in 2020,recording a compound annual growth rate (CAGR) of -0.6%. Population growth a positive but weakconsumption outlook in a saturated market will outweigh this upside and result in mild contraction ofretail hardware spending.

- Software: Spending is forecast to increase from KWD57.3mn in 2016 to KWD62.0mn in 2020, at aCAGR of 2.0%. The market is small due to oil dominating Kuwait's economy, and being a low ITspending vertical, but there are select opportunities in enterprise modernisation initiatives.

- Services: Spending is forecast to increase from KWD105.7mn in 2016 to KWD123.0mn in 2020, at aCAGR of 3.9%. The cost savings and increased flexibility offered by services such as cloud computingand outsourcing will support IT services outperformance in an environment of elevated economicuncertainty.

Table Of Contents

Kuwait Information Technology Report Q3 2016
BMI Industry View 7
Latest Updates And Developments 7
SWOT 9
Industry Forecast 11
Latest Updates 11
Structural Trends 11
Table: Enterprise Trends - GVA By Vertical (Kuwait 2015-2020) 15
Table: IT Industry - Historical Data And Forecasts (Kuwait 2013-2020) 16
Industry Risk Reward Index 17
Table: Middle East and Africa IT Risk/Reward Index, Q3 2016 20
Market Overview 21
Recent Developments 21
Hardware 21
Software 26
Cloud Computing 30
IT Services 33
Industry Trends And Developments 38
IT Hardware Trade 38
Table: Middle East IT Hardware Trade, 2009-2014 38
Table: Kuwait IT Hardware Trade, 2010-2015 39
IT Industry Analysis 39
Regulatory Development 41
Table: IT Regulatory Authorities 41
Competitive Landscape 44
Retailers 44
Table: Selected Electronics Retailers 44
Table: Selected E-Commerce Retailers 44
IT Companies 45
Table: Alghanim Industries 45
Table: Almasa Holdings 46
Table: Axiom Telecom 46
Table: Redington Kuwait 47
Table: Dell 48
Table: Toshiba 48
Regional Overview 49
Demographic Forecast 54
Table: Population Headline Indicators (Kuwait 1990-2025) 55
Table: Key Population Ratios (Kuwait 1990-2025) 55
Table: Urban/Rural Population and Life Expectancy (Kuwait 1990-2025) 56
Table: Population By Age Group (Kuwait 1990-2025) 56
Table: Population By Age Group % (Kuwait 1990-2025) 57
Methodology 59
Industry Forecast Methodology 59
Sources 61
Risk/Reward Index Methodology 61
Table: IT Risk/Reward Index Indicators 62
Table: Weighting Of Components 63

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