Israel Information Technology Report Q4 2014 - New Study Released


New Computer Technology market report from Business Monitor International: "Israel Information Technology Report Q4 2014"


[USPRwire, Mon Sep 01 2014] Although Israel's small and mature IT market is expected to grow more slowly than mostothers in MEA, its combination of a skilled workforce, rich start-up culture and university engagement in cutting-edge research has attracted the investment of nearly all major global IT vendors.We forecast IT spending torise by 3.5% toILS23.4bn in 2014,with the software and services segments outperforming hardware sales.IT spendingis projected tocontinue growing throughout our five-year forecast period to 2018, acceleratingin the later yearsasIsrael's economy recovers from a downward trend between 2010 and 2014.BMI does not expect the escalation in violence between Israel andHamas intheGazaStripto drag on GDP growth for 2014, butwe do expect increasing tensions throughout the region to result in rising demand for security solutionsin key sectors such as government, defence and financial services. This will contribute to the software and services segmentsaccounting for anincreasing share of the IT market,reaching 65.0% ofoverall market spending by 2018.

Full Report Details at
- http://www.fastmr.com/prod/871658_israel_information_technology_report_q4_2014.aspx?afid=302

Headline Expenditure Projections

Computer Hardware Sales: Forecast to reach ILS9.225bn in 2014, up from ILS9.143bn in 2013. We expect a return to growth in 2014 to be driven by the launch of 4G mobile networks and ongoing migration to the Windows 8 OS.

Software Sales: ILS5.867bn in 2014, up 4.5% year-on-year (y-o-y) from ILS5.524bn in 2013. Enterprise software spending will be the main growth driver as device and data proliferation will result in increased spending on customer relationship management (CRM), databases and business intelligence.

IT Services Sales: We expect IT services sales will continue to outperform the rest of the IT market, reaching ILS8.26bn in 2014, up from ILS7.91bn in 2013. Cyber security services will outperform in terms of growth, but it will be stable sectors such as government and defence that continue to account for the...

The Israel 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 Israel 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 Israel.

Key Benefits

* Benchmark BMI's independent IT Industry forecasts for Israel to test other views - a key input for successful budgetary and strategic business planning in the Israeli IT market.

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

You may also be interested in these related reports:

- Indonesia Information Technology Report Q4 2014
- Czech Republic Information Technology Report Q4 2014
- Mexico Information Technology Report Q4 2014
- Slovenia Information Technology Report Q4 2014
- Peru Information Technology Report Q4 2014

Company: Fast Market Research, Inc.


Contact Name: Bill Thompson

Contact Email: press@fastmr.com

Contact Phone: 1-413-485-7001

>>Visit website