New market study, "United Arab Emirates Information Technology Report Q2 2013", has been published
New Computer Technology research report from Business Monitor International is now available from Fast Market Research
[UKPRwire, Tue May 07 2013] We expect strong growth in IT market spending in the medium term in the UAE, with the total value expected to reach AED15.75bn in 2013 and increase at a CAGR of 9.5% 2013-2017 to reach AED22.75bn. Economic conditions are forecast to remain supportive, particularly from 2014, although there is downside risk posed by shifts in global market sentiment given the UAE's interconnectedness. Inside the IT segment, government spending and investment will boost growth, with further opportunities in sectors such as education, healthcare, utilities, banking and telecoms. Emerging products and services such as tablets, hybrids, ultrabooks, cloud computing, real-time enterprise applications and business analytics areas are also expected to add to IT market spending over the medium term.
Headline Expenditure Projections
Computer Hardware Sales: AED7.59bn in 2012 to AED8.16bn in 2013, +7.5% in local currency terms. PC market recovered in H212, and we expect growth to be driven higher in 2013 due to demand for tablets, hybrids and ultrabooks.
Full Report Details at
Software Sales: AED2.58bn in 2012 to AED2.85bn in 2013, +10.3% in local currency terms. Upgrades to Microsoft's Windows 8 OS will boost spending in 2013, while the UAE is also one of the region's fastest growing enterprise resource planning (ERP) markets.
IT Services Sales: AED4.26bn in 2012 to AED4.74bn in 2013, +11.3% in local currency terms. Managed services will be a leading growth area, with growth of cloud computing and real-time analytics accelerating.
Risk/Reward Ratings: The UAE's score was 61.3 out of 100.0. The UAE remains in second spot in our latest regional RRR table, ahead of other MEA leaders such as Saudi Arabia and Qatar.
Key Trends & Developments
After being hit hard by the economic crisis the IT market has rebounded strongly. Economic growth, including a strong consumer story, will be a fillip for the retail hardware market. Consumers in the UAE have demonstrated an appetite for premium devices - which bodes well for Windows vendors releasing innovative premium devices such as hybrid laptops and ultrabooks. This will provide competition for Apple's Macbook range, while Windows and Android vendors will also provide greater competition in the booming tablet market (a trend that already began in 2012).
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