Israel Information Technology Report Q1 2015

Business Monitor International
November 19, 2014
85 Pages - SKU: BMI5388614
Countries covered: Israel

Israel Information Technology Report Q1 2015

BMI View: Israel has the most mature IT market in the Middle East and Africa region, and its skilledworkforce, vibrant start-up culture and strong government and university engagement in developing cuttingedge research has attracted investment from nearly all major global IT firms. However, because of thecomparatively high penetration of IT products and services, as well as its small population, Israel's ITmarket is expected to grow more slowly than most others in the region. Between 2010 and 2014, the ITmarket was also impacted by sluggish GDP growth, but we expect an improving macroeconomic outlook tosupport accelerating demand for IT software and services in the latter years of our forecast period to 2018.

Given Israel's geopolitical location and the uptick in violence in the region, we expect spending on cybersecurity to be a key driver of growth in Israel's IT market, chiming with our view that software and serviceswill increase as a proportion of IT spend to account for 65% of the market by 2018.

Headline Expenditure Projections

Computer Hardware Sales: Forecast to reach ILS9.225bn in 2014, up from ILS9.143bn in 2013. Weexpect a return to growth in 2014 to be driven by the launch of 4G mobile networks and ongoing migrationto the Windows 8 OS.



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