Turkey Information Technology Report Q4 2014 - New Market Research Report
Recently published research from Business Monitor International, "Turkey Information Technology Report Q4 2014", is now available at Fast Market Research
[USPRwire, Wed Aug 27 2014] Turkey has seen foreign investment in ICT rise over the last three years and it is increasingly viewed as a regional hub, with a strategic geographical location. Our medium-term outlook is therefore positive, as economic growth continues amid favourable demographic profile advantage s of a large, young population . Consumers will therefore be among the largest drivers of IT spending over our forecast period. The government too, will also be crucial, in meeting its goals for Vision 2023, the ICT industry is expected to grow from 2.9% of GDP to 8%. We also see long-term opportunities for ICT growth in finance, transport, communications and utilities sectors. However, there exists significant downside to this view, from both the vulnerability of the economy to external shocks and the increasing concerns about the domestic political situation. Internet censorship is a growing characteristic of the Erdogan administration and could put off some investors from investing in internet start-ups.
Full Report Details at
Headline Expenditure Projections
Computer Hardware: TRY11.23bn in 2013 to TRY12.02bn in 2014, +7% in local currency terms. The depreciation of the lira is a drag on sales but we expect growth to continue, with consumer purchases and government investment in IT for education being key factors.
Software: TRY1.93bn in 2013 to TRY2.16bn in 2014, +11.9% in local currency terms. Consumer software spending will remain flat in 2014, but we expect ERP spending will grow, particularly among SMEs.
Services And Cloud Computing: TRY2.70bn in 2013 to TRY3.01bn in 2014, +11.5% in local currency terms. The outlook is bright across IT services but we highlight increased adoption of cloud computing services as the area with the brightest prospects.
Key Trends And Developments
* Government is taking an increasingly worrying position with regards to censorship, which threatens internet freedom.
* Turkey continues to emerge as a regional centre for IT firms - as well as...
The Turkey 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 Turkey 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 Turkey.
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