Boston, MA -- (SBWIRE) -- 11/27/2015 -- The Lebanese IT market, like the wider economy, underperformed its potential 2013-2015 as a result of domestic political inertia and regional security risks - and we expect this will continue to be the case in 2016. We do however have a more bullish outlook for the IT market from 2017, and forecast a local currency spending growth CAGR of 9.7% for 2016-2019, with total spending of LBP819.5bn expected in 2019. Our core scenario envisages income growth, improvements to telecommunications infrastructure, improving business sentiment and modernisation initiatives by both the public and private sector contributing to stronger demand for IT products and solutions. The outlook for Lebanon is however subject to considerable uncertainty and downside risk due to the domestic political situation and conflict in Syria. There has already been significant outward migration of skilled labour, and suppressed business sentiment 2013-2015, and further security risks or ongoing political stalemate could exacerbate these trends and derail any progress made .

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

Latest Updates & Industry Developments

Computer Hardware Sales: LBP395.3bn in 2016 to LBP479.4bn in 2019, +8.3% compound annual growth rate (CAGR) in local currency terms. The tablet market cooled in 2014 and 2015 due to core market saturation, but hybrid and notebook demand picked up the slack, and we expect spending growth to accelerate form 2017 as the economy strengthens.
Software Sales: LBP60.2bn in 2016 to LBP74.6bn in 2019, +10.1% CAGR in local currency terms. Piracy remains a major drag on market growth, and one that is unlikely to be tackled with the government focused on more pressing matters, but cloud service availability could help counter piracy and deepen the enterprise application market to SMEs over the medium term.

The Lebanon Information Technology Report features Business Monitor International (BMI)'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 Lebanon 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 Lebanon.

Key Benefits

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

Coverag

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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