Kuwait Information Technology Report Q4 2012
Business Monitor International, October 2012, Pages: 66
The Kuwait Information Technology Report provides industry professionals and strategists, corporate analysts, information technology associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Kuwait's information technology industry.
BMI View: Kuwait IT spending is expected to reach US$937mn in 2012, up 9%, with BMI upwardly revising its forecast due to macroeconomic factors. Kuwait, the third-largest computer market in the Gulf, should offer favourable IT market trading conditions in 2012, and local IT spending should continue to provide opportunities for IT vendors over our five-year forecast period. Drivers will include government projects, population growth, and strong demand from the construction and oil and gas sectors.
Headline Expenditure Projections:
Computer Hardware Sales: US$362mn in 2011 to US$394mn in 2012, +9% in US dollar terms.
Forecast in US dollar terms upwardly revised due to macroeconomic factors, following stronger than expected growth in 2011.
Software Sales: US$233mn in 2011 to US$253mn in 2012, +9% in US dollar terms. Forecast in US dollar terms downwardly upwardly due to analyst modification and trade liberalisation and growing regional competition are fuelling enterprise spending on software and systems.
IT Services Sales: US$267mn in 2011 to US$290mn in 2012, +9% in US dollar terms. Forecast in US dollar terms downwardly revised due to macroeconomic factors and analyst modification, but high oil prices will fuel spending growth over the forecast period.
Risk/Reward Ratings:
Kuwait's score was 56.3 out of 100.0. Kuwait has dropped to fourth of 11 countries in our latest RRR table, behind Israel, the UEA and Qatar, but ahead of Saudi Arabia.
Key Trends & Developments:
- Expected increases in oil output and prices, and a forecast bumper year in 2012, should provide support for higher IT budgets in the key oil and gas vertical. Oil companies such as Kuwait leader Kuwait National Petroleum Company (KNPC) continue to invest in IT, and work is under way on the US$14bn Al-Zour refinery. However, Kuwait's Development Plan should encourage a gradual pick-up in the non-hydrocarbons sector over the coming years.
- Construction should be a promising IT spending vertical. Kuwait is emerging as a regional construction hub and projects such as the US$2bn expansion of Kuwait International Airport
(KIA) should drive opportunities for IT vendors. Combined public and sector investment in construction is forecast to surpass US$11bn over the next five years.
- The last two years have seen continued e-project implementation by various Kuwaiti state organisations. The social welfare ministry now allows online submission of forms and email notifications. The defence and finance ministries are also recognised as particularly advanced,
while the finance minister has called on the ministry's IT staff to redouble their efforts in this area. The Kuwaiti Ministry of Education is implementing a New Technology Infrastructure Project (NTIP), aimed at raising the level of IT utilisation in schools.
Executive Summary 5
SWOT Analysis 7
Kuwaiti IT SWOT 7
Kuwait Wireline SWOT 8
Kuwait Political SWOT 9
Kuwait Economic SWOT 9
Kuwait Business Environment SWOT 10
MEA IT Risk/Reward Ratings 11
Table: Middle East And Africa IT Risk/Reward Ratings Table, Q412 13
MEA IT Markets Overview 14
IT Penetration 14
Sectors And Verticals 17
Market Overview 21
Government Authority 21
Hardware 22
Software 24
Services 26
Industry Developments 29
Industry Forecast 32
Table: Kuwait IT Sector – Historical Data & Forecasts (US$mn Unless Otherwise Stated), 2009-2016 35
Industry Forecast Internet 36
Table: Telecoms Sector – Internet – Historical Data & Forecasts, 2009-2016 36
Macroeconomic Forecast 38
Table: Kuwait – Economic Activity, 2011-2016 40
Competitive Landscape 41
Hardware 41
Software 42
IT Services 44
Internet Competitive Landscape 45
Company Profiles 47
IBM 47
Khorafi Business Machines 52
Microsoft Corporation 53
Country Snapshot 58
Table: Kuwait's Population By Age Group, 1990-2020 ('000) 59
Table: Kuwait's Population By Age Group, 1990-2020 (% of total) 60
Table: Kuwait's Key Population Ratios, 1990-2020 61
Table: Kuwait's Rural And Urban Population, 1990-2020 61
BMI Methodology 62
How We Generate Our Industry Forecasts 62
IT Industry 62
IT Ratings – Methodology 63
Kuwait Information Technology Report Q4 2012
© Business Monitor International Ltd
Page 4
Table: IT Business Environment Indicators 64
Weighting 65
Table: Weighting Of Components 65
Sources 65
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