DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/7mlvn2/south_africa_infor) has announced the addition of the "South Africa Information Technology Report Q3 2012" report to their offering.
The South Africa 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 South Africa's information technology industry.
BMI View: South African IT spending to increase to about US$17.6bn in 2016, at a US dollar 2012-2016 CAGR of 10%, slower than previously forecast. Major infrastructure and transport projects will provide encouragement for growth during BMI's five-year forecast period. Most opportunities are likely to be in sectors such as wholesale and retail trade and financial and personal services, which will grow faster, while other verticals like mining and manufacturing suffer a slowdown. However, South African businesses are expected to maintain a cautious attitude to IT investments, due to continued global economic uncertainty.
Headline Expenditure Projections Computer hardware sales: US$5.1bn in 2011 to US$5.2bn in 2012, +8% in US dollar terms. Forecast in US dollar terms downwardly revised due to macroeconomic factors and following a strong 2011, PC market growth is expected to slow in 2012.
Software sales: US$2.1bn in 2011 to US$2.3bn in 2012, +7% in US dollar terms. Forecast in US dollar terms downwardly revised due to macroeconomic factors and analyst modification and, due to broadband infrastructure improvements, there is likely to be growing interest in Software-as-a-Service (SaaS).
IT services sales: US$4.2bn in 2011 to US$4.4bn in 2012, +5% in US dollar terms. Forecast in US dollar terms downwardly revised due to macroeconomic factors and spending on IT services still depends heavily on government programmes.
Risk/Reward Ratings: South Africa's score was 47.3 out of 100.0. South Africa ranked eighth in our latest MEA region RRR table, behind Israel and Turkey but ahead of Oman, Egypt and Lebanon. Despite ranking fourth terms of IT market size, South Africa's overall ranking was restrained by a relatively low Country Structure score compared with the GCC countries.
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