Recently published research from Business Monitor International, "Saudi Arabia Information Technology Report Q1 2013", is now available at Fast Market Research
Boston, MA -- (SBWIRE) -- 03/11/2013 -- BMI View: Saudi IT spending is expected to reach US$4.2bn in 2013, up 3% in US dollar terms year-onyear, with BMI downwardly revising its forecast after the PC market slowed in H112. However, there were major IT projects by organisations including telecoms company Mobily and the justice department of the government. Saudi Arabia has the biggest IT market in the Gulf region and the kingdom will continue to be a lucrative market for technology products and services over the forecast period as it invests to upgrade its IT and communications infrastructure. The country's relative political stability for the region will also attract vendors.
Headline Expenditure Projections
Computer Hardware Sales: US$2.1bn in 2012 to US$2.2bn in 2013, +2% in US dollar terms. Forecast in US dollar terms downwardly revised owing to lower than expected PC sales growth in H112.
Software Sales: US$771mn in 2012 to US$807mn in 2013, +5% in US dollar terms. Forecast in US dollar terms unchanged, but software-as-a-service business models are expected to provide a growing opportunity for vendors.
View Full Report Details and Table of Contents
IT Services Sales: US$1.2bn in 2012 to US$1.3bn in 2013, +4% in US dollar terms. Forecast in US dollar terms unchanged, with increased spending on ICT infrastructure translating into long-term growth in IT services investment.
Risk/Reward Ratings (RRR): Saudi Arabia's score is 53.4 out of 100.0. Saudi Arabia remains in fifth place in our latest Middle East and Africa RRR table.
Key Trends & Developments
- Riyadh's 2012 budget has a heavy focus on capital investment to improve the country's transport, energy and social services infrastructure - and this should generate more opportunities for vendors of IT products and services. The next period promises to see more opportunities in sectors such as oil and gas, financial services, healthcare, education and communications.
- Youthful demographics and a growing population should drive demand as BMI predicts that the per capita IT spend will reach US$197 by 2017, with PC penetration rising to around 35%. We see the consumer PC segment holding up relatively well as public sector wages, social benefits and food and fuel subsidies have all been hiked substantially in the past year.
- Government-driven investments in transportation, property construction and water and power plants will drive opportunities for IT vendors. The government's five-year development plan focuses on infrastructure and aims to boost the role of the non-hydrocarbon private sector. Meanwhile, a major restructuring of the electricity market should also create opportunities for technology vendors.
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Computer Technology research reports at Fast Market Research
You may also be interested in these related reports:
- Sri Lanka Information Technology Report Q1 2013
- United States Information Technology Report Q1 2013
- India Information Technology Report Q1 2013
- Egypt Information Technology Report Q1 2013
- Czech Republic Information Technology Report Q1 2013
- Poland Information Technology Report Q1 2013
- South Korea Information Technology Report Q1 2013
- Vietnam Information Technology Report Q1 2013
- France Information Technology Report Q1 2013
- Colombia Information Technology Report Q1 2013
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-321-1250 (International)