Research and Markets: Lebanon Information Technology Report 2012

DUBLIN--(BUSINESS WIRE)--

Research and Markets (http://www.researchandmarkets.com/research/f96114/lebanon_informatio) has announced the addition of the "Lebanon Information Technology Report 2012" report to their offering.

BMI's Middle East and Africa (MEA) IT Business Environment Ratings compare the potential of the key regional markets over our forecast period, through to 2016. The ratings reflect our consideration of political and economic risks, as well as risks associated specifically with IT intellectual property (IP) rights protection and government projects.

In our updated Q112 ratings, country rankings are unchanged, reflecting stabilisation in most markets after the impact of the global economic downturn and political unrest. 2012 is expected to see IT market verticals retain momentum. To help maintain social stability, many regional governments have announced spending increases, including both capital investment and wage increases, which should boost spending on information technology. For example, to help maintain social stability, the Saudi government has announced US$93bn in handouts, including wage increases, which should boost consumer spending on durables such as PCs.

Vendors also reported a pick-up in IT services project flow, with new IT projects in verticals such as banking, government, real estate and education. Despite this, continued credit restrictions, global economic headwinds and political instability mean that cautious spending patterns are likely to persist across many Gulf Co-operation Council (GCC) markets.

The wealthy, high-tech GCC markets continue to occupy the higher rankings. Factors such as comparatively resilient consumer demand and ongoing infrastructure projects make this region relatively well positioned for growth in the post-credit crunch era. In most cases we do not see IT spending returning to its pre-crisis rate of growth over our five-year forecast period However, global trends such as cloud computing are relatively less established in the region but will grow in significance.

Read more inside Lebanon Information Technology Report 2012

Companies Mentioned:

• IBM
• HP
• Oracle
• Microsoft

For more information visit http://www.researchandmarkets.com/research/f96114/lebanon_informatio