Israel Information Technology Q1 2019
IT spending is forecast to record sustained growth over 2019-2022 in Israel, driven by the combination of an expandingeconomy, and shekel appreciation that boosts purchasing power, alongside positive technology trends such as demand for cloudcomputing, advanced automation, data analytics and cyber security solutions. Meanwhile, the IT industry is the largest and mosttechnologically advanced in the region, and well positioned for further growth due to the strength of the local innovation and start-up ecosystem. The main downside risks relate to the regional political and security situation, or potential negative spill over from aweaker global economy that would impact Israeli export industries.
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