Abstract
This IDC study provides a detailed overview of IT spending trends and forecasts
for 17 vertical markets (or sectors) and 10 product categories, including
hardware, packaged software, and services in Israel. The study features
overviews of key industry developments, industry challenges, and
vertical-specific IT drivers and trends and includes tables detailing IT
spending by vertical market for each product for the 2008-2012 period. Analysis
is based on continuous research, the monitoring of users' IT spending and
emerging purchasing patterns, and supply- and demand-side research.
"Israeli IT spending continues to grow, as economic conditions remain stable,
despite the global slowdown. The public sector, including defense, continues to
account for the biggest share of IT spending, thanks to military contracts and
large public tenders. High-tech exports soared in 2007, causing increased
demand for IT products and services from this sector. Extensive reforms in the
financial sector have kept IT expenditures by banks and insurance firms
relatively high, while recent telecoms sector developments have triggered
increased demand for IT infrastructure. The falling U.S. dollar has had a
largely negative effect on local exporters, but has increased purchasing power
in many other market segments. - Research Analyst Liran Tal, IDC Israel
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