Lebanon Information Technology Report 2018
BMI View: The short- and medium-term outlook for the Lebanese IT market remains positive with both macroeconomic GDP growthand private final consumption levels supporting IT level up-tick over the medium-term. Strengthening real GDP growth and privatefinal consumption levels will bolster consumer and investor confidence and sustain a healthy growth trajectory. IT software andservices growth will be strongest owing to low levels of penetration but hardware will underperform due to unfavorable producttrends in the consumer segment. We forecast total IT spending will increase at a CAGR of 5.9% over 2018-2022 and jump from avalue of LBP622bn in 2018 to over LBP783.9bn by end of our forecast period.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook