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Turkey Information Technology Report Q2 2016

Turkey Information Technology Report Q2 2016

BMI View: Turkey's IT market growth trajectory took a downturn in 2015 when a combination of liradepreciation and political unrest resulted in deferred purchases and heightened price sensitivity. Based onour forecast for economic conditions to remain challenging in 2016 we expect the IT market will onlystrengthen marginally from 2015, and contract again in US dollar terms due to lira depreciation. Themedium term outlook is however brighter, particularly from 2018, when we expect IT demand growth toresume on a trajectory determined by a convergence of income growth, declining device prices, inwardinvestment and domestic private and public sector modernisation initiatives predicted to drive demandgrowth. We forecast total IT spending will grow at a CAGR of 8.6% 2016-2020 to a total of TRY24.4bn in2020.

Latest Updates And Industry Developments

Computer Hardware: Forecast growth from TRY11.7bn in 2016 to TRY15.5bn in 2020, at a compoundannual growth rate (CAGR) of 7.2%. Traditionally low PC penetration presents a huge opportunity forvendors when economic conditions stabilise, but in 2016 market expected to again contract in US dollarand volume terms due to depreciation.

Software: Predicted growth of TRY2.3bn in 2016 to TRY3.5bn in 2019, at a CAGR of 10.6%.

Competitive pressures resulting from trade liberalisation and modernisation, as well as wider access tocloud delivery software-as-a-service (SaaS) products underpin our positive medium-term outlook forsoftware spending growth

Services: CAGR of 11.6% over 2016-2019, increasing from TRY3.5bn in 2016 to TRY5.4bn in 2019.

Cost saving rationale of IT services make the segment more resilient in an economic downturn, whileadoption of cloud computing services adds to medium term growth momentum as supply and awarenessof potential benefits increases.


BMI Industry View
SWOT
Industry Forecast
Latest Updates
Structural Trends
Table: IT Industry - Historical Data And Forecasts (Turkey 2013-2020)
Industry Risk/Reward Index
Table: IT RRI Score Breakdown By Region, Q216
Table: Europe IT Risk/Reward Index, Q2 2016
Market Overview
Recent Developments
Hardware
Software
Cloud Computing
IT Services
Industry Trends And Developments
Regulatory Development
Table: Regulatory Authorities
Competitive Landscape
International Companies
Table: Accenture Turkey
Table: Hewlett-Packard Turkey
Table: Microsoft Turkey
Table: SAP Turkey
Local Companies
Table: Netas
Table: Telpa Communications
Regional Overview
Demographic Forecast
Table: Population Headline Indicators (Turkey 1990-2025)
Table: Key Population Ratios (Turkey 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Turkey 1990-2025)
Table: Population By Age Group (Turkey 1990-2025)
Table: Population By Age Group % (Turkey 1990-2025)
Methodology
Industry Forecast Methodology
Sources
Risk/Reward Index Methodology
Table: IT Risk/Reward Index Indicators
Table: Weighting Of Components

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