2014-02-04 04:57:01 - United Arab Emirates Information Technology Report Q3 2013 - a new market research report on companiesandmarkets.com
We retain a positive growth outlook for the UAE´s IT market, despite a weaker economic outlook in H213. We expect overall economic growth to slow in the second half of the year as net exports fall on the back of lower oil prices during that period. However, we expect the impact of this development on the IT market to be counterbalanced by positive consumer and business sentiments towards the country, as evidenced by notable improvements in the real estate and equity markets. We also retain our view that government spending will increase by 3% in 2013, a situation that will drive growth in IT spending across key sectors, including education, healthcare, utilities, banking, telecoms and transportation.
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.
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