Fast Market Research announces the availability of the new Business Monitor International report, "Bahrain Information Technology Report 2016", on their comprehensive research portal

Boston, MA -- (SBWire) -- 12/16/2015 --The decline in the oil price has dampened the economic outlook for Bahrain since the last IT market update, reflected in our downward revision of our forecast to a CAGR of 4.9% 2016-2019 to a total value of BHD154mn. The impact will not however be far reaching under our core scenario, with Bahrain's status as a lucrative retail hardware market largely unaffected, and we maintain our view that premium device spending will provide high margin unit growth opportunities over the medium term. Meanwhile, in terms of enterprise spending growing demand from the financial services and telecommunications verticals, particularly for cloud computing and advanced solutions will offset the cutbacks in the oil and gas sector. There is however heightened downside risk in the 2016 update, primarily through the potential for public sector IT spending cuts on modernisation initiatives in services such as healthcare, but this is not our core scenario.

Get More Details on this Report and a Full Table of Contents at Bahrain Information Technology Report 2016

Latest Updates & Industry Developments

Computer Hardware Sales: BHD62mn in 2016 to BHD67mn in 2019, equal to a CAGR of 2.6%. The maturity of the market means growth opportunities are limited, but a strong household income profile reflects the lucrative nature of the market in per capita terms, and premium PC replacement spending will be a key driver over the medium term. .
Software Sales: BHD23mn in 2016 to BHD29mn in 2019, equal to a CAGR of 6.7%. We expect application spending by the public and private sector to grow through modernisation initiatives over the medium term, while cyber security solutions are expected to outperform due to heightened regional risks.
IT Services Sales: BHD47mn in 2016 to BHD58mn in 2019 at a CAGR of 7.0%. A much wider base of cloud service adoption will make IT services the outperforming IT segment in terms of growth 2016-2019.

The Bahrain Information Technology Report features BMI Research's market assessment and independent forecasts covering personal computers and software; semi-conductors, memory chips, integrated circuits and general components; the internet and IT solutions. It analyses analyses regulatory changes (licensing, customs and intellectual property protection) and competitive landscapes comparing IT companies by products, sales, market share, investments, projects and expansion strategies.

BMI's Bahrain Information Technology Report provides industry professionals and strategists, corporate analysts, IT associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the IT industry in Bahrain.

Key Benefits

-Benchmark BMI's independent IT Industry forecasts for Bahrain to test other views - a key input for successful budgetary and strategic business planning in the Bahraini IT market.
-Target business opportunities and risks in Bahrain's IT sector through our reviews of latest industry trends, regulatory changes, and major deals, projects and investments in Bahrain.
-Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI?s key industry forecasts, views and trend analysis covering IT, regulatory changes, major investments and projects and significant national and multinational company developments.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the IT sector and within the broader telecommunications, political, economic and business environment.

BMI Industry Forecast

Historic data series (2010-2013) and forecasts to end-2019 for all key industry and economic indicators, supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:

-IT Sector: Industry value (USDmn); IT sector contribution to GDP (%); value of hardware, software and services industry (USDmn); PC, peripherals and software imports and exports (USDmn); PC, peripherals and software sales (USDmn); number of PCs (?000); PCs per 100 inhabitants; internet users (?000); internet users per 100 inhabitants; broadband subscribers (?000); broadband subscribers per 100 inhabitants.
-Economy: Economic growth (%); nominal GDP (USDbn); unemployment (%); interest rates (%); exchange rate (against USD).

Information Technology Risk Reward Index

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