Kuwait Information Technology Report Q3 2016

Date: June 1, 2016
Pages: 63
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)

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Includes 3 FREE quarterly updates

BMI View: A combination of economic uncertainty in a low oil price environment and a saturated core market for IT hardware means we have low expectations for IT spending growth in Kuwait over the medium term. The downturn in economic sentiment and slowdown in private consumption in a saturated retail PC market is a major source of downside risk, as Kuwait is a consumer hardware-centric IT market due to low enterprise spending (a result of oil's dominance of the economy). There is, however, upside risk to the enterprise market outlook where software and services growth could be sustained by a low oil price acting as a catalyst for diversification and investments in cost-saving and flexibility-enhancing IT solutions. We forecast total IT spending will increase at a CAGR of 1.4% over 2016-2020, with software and services expected to outperform.

Latest Updates And Developments
  • Hardware: Sales in Kuwait will decrease from KWD154.1mn in 2016 to KWD150.7mn in 2020, recording a compound annual growth rate (CAGR) of -0.6%. Population growth a positive but weak consumption outlook in a saturated market will outweigh this upside and result in mild contraction of retail hardware spending.
  • Software: Spending is forecast to increase from KWD57.3mn in 2016 to KWD62.0mn in 2020, at a CAGR of 2.0%. The market is small due to oil dominating Kuwait's economy, and being a low IT spending vertical, but there are select opportunities in enterprise modernisation initiatives.
  • Services: Spending is forecast to increase from KWD105.7mn in 2016 to KWD123.0mn in 2020, at a CAGR of 3.9%. The cost savings and increased flexibility offered by services such as cloud computing and outsourcing will support IT services outperformance in an environment of elevated economic uncertainty.
BMI Industry View
Latest Updates And Developments
Industry Forecast
Latest Updates
Structural Trends
  Table: Enterprise Trends - GVA By Vertical (Kuwait 2015-2020)
  Table: IT Industry - Historical Data And Forecasts (Kuwait 2013-2020)
Industry Risk Reward Index
  Table: Middle East & Africa IT Risk/Reward Index, Q3 2016
Market Overview
Recent Developments
Cloud Computing
IT Services
Industry Trends And Developments
IT Hardware Trade
  Table: Middle East IT Hardware Trade, 2009-2014
  Table: Kuwait IT Hardware Trade, 2010-2015
IT Industry Analysis
Regulatory Development
  Table: IT Regulatory Authorities
Competitive Landscape
  Table: Selected Electronics Retailers
  Table: Selected E-Commerce Retailers
IT Companies
  Table: Alghanim Industries
  Table: Almasa Holdings
  Table: Axiom Telecom
  Table: Redington Kuwait
  Table: Dell
  Table: Toshiba
Regional Overview
Demographic Forecast
  Table: Population Headline Indicators (Kuwait 1990-2025)
  Table: Key Population Ratios (Kuwait 1990-2025)
  Table: Urban/Rural Population & Life Expectancy (Kuwait 1990-2025)
  Table: Population By Age Group (Kuwait 1990-2025)
  Table: Population By Age Group % (Kuwait 1990-2025)
Industry Forecast Methodology
Risk/Reward Index Methodology
  Table: IT Risk/Reward Index Indicators
  Table: Weighting Of Components
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