2013-11-02 16:24:04 - Fast Market Research recommends "United Arab Emirates Information Technology Report Q4 2013" from Business Monitor International, now available
The continued strong performance of the UAE economy, as reflected by relatively high business confidence, rising real estate prices and growth of the tourism sector, will sustain demand for IT products and services. Although the government, through the implementation of various smart city and e-governance projects, will remain the IT spending segment, we highlight the growing opportunities in the consumer segment in the form of mobility solutions that can take advantage of the high smartphone and tablet penetration in the country.
Headline Expenditure Projections
Computer Hardware Sales: AED7.59bn in 2012 to AED8.16bn in 2013, +7.5% in local currency terms. PC market recovered in H212, and we expect growth to be driven higher in 2013 due to demand for tablets, hybrids and ultrabooks.
Report Details at
- www.fastmr.com/prod/698051_united_arab_emirates_information_tech ..
Software Sales: AED2.58bn in 2012 to AED2.85bn in 2013, +10.3% in local currency terms. Upgrades to Microsoft's Windows 8 OS will boost spending in 2013, while the UAE is also one of the region's fastest growing enterprise resource planning (ERP) markets.
IT Services Sales: AED4.26bn in 2012 to AED4.74bn in 2013, +11.3% in local currency terms. Managed services will be a leading growth area, with growth of cloud computing and real-time analytics accelerating.
Risk/Reward Ratings: The UAE remained in third position in our latest regional RRR table with a score of 65.4 out of 100.0. The country is behind Qatar and Israel, and scores above the regional average on all four categories of our ratings table.
Key Trends & Developments
The Telecommunications Regulatory Authority (TRA) of the UAE has established a framework for licensing and regulation of certification service providers (CSP) operating in the country. This development has the potential to drive growth in the UAE's e-commerce market by boosting consumer confidence in the safety and security of electronic transactions. The UAE already leads the region's e-commerce market, with total transactions of around US$2bn in 2010, according to report by global electronic payments firm VISA.
This was equivalent to around 60% of total e-commerce transactions in the GCC during that period. BMI believes that concern over the safety and security of electronic transactions is a major impediment to the growth of e-commerce services in most countries in the region. Presently, there are three CSPs providing electronic attestation services to the public for electronic transactions in the UAE. These are Etisalat, Al- Hilal Bank and Global Information Technology (GIT). All three firms and any new licensee will be subject to the guidelines published by the TRA.
Security as a Service is ramping up in the Middle East, as McAfee opened a Cyber Defence Center (CDC) in Dubai, the first centre in the world specialising in incident response and threat education, and mobile operator du announced the addition of three new security services to its cloud portfolio. McAfee's services are focused predominantly on data collection to prevent and respond to security threats, including identification of perpetrators and their motivations and emergency response incident identification and response measures, gathering information about potential threats, implementing emergency responses to incidences. Du, which has partnered with QualysGuard, is targeting a slightly different side of the market, offering specific preventative security services including vulnerability management, security policy compliance and web applications security solutions.
Report Table of Contents:
BMI Industry View
- Business Environment
- Table: UAE IT Industry - Historical Data & Forecasts (AEDmn)
- Macroeconomic Forecast
- Household Consumption: Improving Steadily
- Government Consumption: Keeping A Lid on Growth
- Fixed Investment: Numerous Projects To Drive Growth
- Net Exports: Slowdown In Place
Industry Risk Reward Ratings
- Table: Middle East And Africa Risk/Reward Ratings Q413
Industry Trends And Developments
- Government Initiatives
- Almasa Holdings
- Table: Key Developments
- Microsoft Corporation
- PC Market Feels The Squeeze
- Table: United Arab Emirates' Population By Age Group, 1990-2020 ('000)
- Table: United Arab Emirates' Population By Age Group, 1990-2020
- Table: United Arab Emirates' Key Population Ratios, 1990-2020
- Table: United Arab Emirates' Rural And Urban Population, 1990-2020
- IT Industry Forecasts
- IT Risk/Reward Ratings - Methodology
- Table: IT Business Environment Indicators
- Table: Weighting Of Components
About Business Monitor International
Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at www.fastmr.com/catalog/publishers.aspx?pubid=1010
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.
For more information about these or related research reports, please visit our website at www.fastmr.com
or call us at 1.800.844.8156.