Kuwait has a large and lucrative hardware market where retail spending on PCs has beenstrong over the past decade, but, as a result of a weaker economic outlook and PC market saturation,demand is expected to be flat over the medium term. The hardware segment will still be lucrative forvendors, but in terms of growth it is software and services that will take centre stage as there is upside fromthe lower oil price acting as a catalyst for diversification and investments in cost-saving and flexibilityenhancingIT solutions. We forecast total IT spending will increase at a CAGR of 2.5% over 2016-2020 toKWD359.1mn in 2020.
Latest Updates And Developments
- Hardware: from KWD157.9mn in 2016 to KWD161.2mn in 2020, a compound annual growth rate(CAGR) of 0.5%. PC market saturation and competition from smartphones for tablet sales means thesegment is forecast to be virtually flat over the medium term.
- Software: from KWD58.7mn in 2016 to KWD66.3mn in 2020, at a CAGR of 3.1%. The market is smalldue to oil dominating Kuwait's economy, but pressure to modernise and diversify should create newopportunities across several verticals.
- Services: from KWD108.3mn in 2016 to KWD131.6mn in 2020, at a CAGR of 5.0%. Cloud computingadoption a broad support, while the 'smart mining' trend should be a boost for services spending by thelargest vertical in the Kuwaiti economy.
Table Of Contents
Kuwait Information Technology Report Q4 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, Q4 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 IT Vendors - EMEA, 2015 44 Table: Computer Hardware 44 Table: Software 44 Table: Cloud 45 Table: IT Services 46 Retailers 48 Table: Selected Electronics Retailers 48 Table: Selected E-Commerce Retailers 48 Regional Overview 49 Demographic Forecast 52 Table: Population Headline Indicators (Kuwait 1990-2025) 53 Table: Key Population Ratios (Kuwait 1990-2025) 53 Table: Urban/Rural Population and Life Expectancy (Kuwait 1990-2025) 54 Table: Population By Age Group (Kuwait 1990-2025) 54 Table: Population By Age Group % (Kuwait 1990-2025) 55 Methodology 57 Industry Forecast Methodology 57 Sources 59 Risk/Reward Index Methodology 59 Table: IT Risk/Reward Index Indicators 60 Table: Weighting Of Components 61