New market study, "South Africa Information Technology Report Q2 2016", has been published
New Computer Technology market report from Business Monitor International: "South Africa Information Technology Report Q2 2016"
[USPRwire, Thu Apr 14 2016] We continue to hold a positive outlook for the South African IT market in 2016 and beyond, over the course of our forecast period out to 2020. Nevertheless, the primary concern is the heavy depreciation of the South African rand against the US dollar. We believe rand depreciation will weigh-in on the market over the course of our forecast period, as was the case from 2013-2015. The outlook for 2016 is less challenging as economic conditions begin to ease, and over the medium term vendors will be able to target specific growth opportunities as consumers and businesses strengthen. A strong driver of growth will be government spending via service expansion and modernisation efforts. There is also growing interest in IT solutions by SMEs looking to explore new sales and marketing channels as well as to improve operations efficiencies, offering new opportunities.
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Computer Hardware Sales: ZAR28.8bn in 2016 to ZAR35.7bn in 2020, a CAGR of 5.6% in local currency terms. Rand depreciation represents downside risk by squeezing household purchasing power, resulting in deferred purchases and substitution for cheaper models.
Software Sales: ZAR18.0bn in 2016 to ZAR26.0bn in 2020, a CAGR of 9.2% in local currency terms. We believe the uptake of cloud-based software, which is less susceptible to piracy and through more flexible pricing will deepen the market to SMEs, will drive growth in software sales over the medium term.
IT Services Sales: ZAR31.2bn in 2016 to ZAR44.4bn in 2020, a CAGR of 9.4% in local currency terms. IT services will be the outperforming IT market segment, with development of the business process outsourcing market and public sector modernisation spending key drivers.
The South Africa Information Technology Report features BMI Research'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 South Africa 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 South Africa.
Benchmark BMI's independent IT Industry forecasts for South Africa to test other views - a key input for successful budgetary and strategic business planning in the South African IT market.
Target business opportunities and risks in South Africa's IT sector through our reviews of latest industry trends, regulatory changes, and major deals, projects and investments in South Africa.
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