IT can be defined as an integrated platform to manage information that consists of hardware, software, and services. IT is an integral part of business processes. In an organization, the IT department is responsible for storing, safeguarding, processing, transmitting, and retrieving information. The IT market in Lebanon is one of the fastest growing in the Middle East with a market size of US$365 million in 2013. The favorable performance of the market has benefited from investment in telecommunication infrastructure and broadband connectivity. The IT market in Lebanon is mainly dominated by SMEs, which are mostly occupied in the development of software products and mobile applications.
Analysts forecast the IT market in Lebanon will grow at a CAGR of 11.03 percent over the period 2013-2018.
The Report recognizes the following companies as the key players in IT Market in Lebanon: Hewlett-Packard Co., IBM Corp., Microsoft Corp., Oracle Corp., AIMS Sal , Apstrata, BML Istisharat Sal, BSynchro Sal, Capgemini SA, CCT international, Cisco Systems Inc., Dataflow Sarl, DC Soft Sal, EMC Corp., FooSal, Fujitsu Ltd., Intel Corp., Kashida Offshore Sal , Lenovo Group Ltd., NetSila Sal , Netways , Toshiba Corp., Unilog Liban Sal , Viamobile Sal.
In Lebanon, many organizations are focusing on shifting their data centers toward cloud infrastructure. There is strong demand for cloud services, including offerings such as IaaS, PaaS, and SaaS. The development of cloud-based applications such as SaaS is helping the Lebanon-based software and IT services companies to serve SMEs that are predominant in the region. As cloud services give the advantage of paying as per use, many sectors have started using these services in Lebanon.
Covered in this Report
The IT market in Lebanon can divided into three segments: Hardware, Software, and IT Services. The report provides information on the market share of the key end-user segments and sub-segments of the IT market in Lebanon. It also discusses the competitive advantages of the IT market in Lebanon.
IT Market in Lebanon 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report focuses on the IT market landscape in Lebanon and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, a large pool of skilled IT professionals has attracted foreign companies to invest in the IT sector. Lebanon offers world-class education facilities that results in the development of talented software professionals.
Further, the report states that the weak regulatory framework for Intellectual Property Rights is one of the major challenges. As a result of opaque and complex policies and regulations, the IT industry is experiencing a high software piracy rate. Companies are unlikely to file cases against software piracy.
