Israel Information Technology Report Q3 2014

Business Monitor International
May 21, 2014
81 Pages - SKU: BMI5248331
Countries covered: Israel

Israel Information Technology Report Q3 2014

BMI View: Israel's IT market is the most developed in the Middle East with a rich ecosystem of majorglobal investors, start-ups and universities engaged in cutting edge research. These features compensate forthe relatively small and mature market that drags growth rates below those of many other MEA markets.

We forecast IT spending to reach ILS23.4bn in 2014, with the software and services segmentsoutperforming hardware sales. We forecast IT spending to continue growing throughout our five-yearforecast period to 2018, accelerating in the later years as GDP and private consumption growth recoverfrom government austerity measures imposed in 2013. The market will increasingly be driven by softwareand services in key sectors such as government, defence and financial services, resulting in IT servicesaccounting for 36.8% of overall market spending by 2018.

Headline Expenditure Projections

Computer Hardware Sales: ILS9.55bn in 2013, rising 2% in local currency terms to ILS9.75bn in2014. We expect a return to growth in 2014 to be driven by the launch of 4G mobile networks and ongoingmigration to the Windows 8 OS.



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