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IT Market in Palestine Market 2014-2018

ReportsnReports.com adds report IT Market in Palestine 2014-2018 to its store. The IT market in Palestine has experienced a boom in recent years and the number of companies operating in the IT market in Palestine has steadily increased. A few start-ups are developing their own unique products and many of them are involved in developing custom applications and providing services on an outsourcing basis to major tech firms based in neighboring countries. Companies in Palestine are well positioned to understand the needs of customers in neighboring states and are better placed to meet them than some international vendors. Knowledge of the Arabic language and good relations with Arabic nations gives Palestinian firms a competitive advantage. Due to the increase in adoption of technology by companies in the richer countries in the Gulf and in the MENA region, the outsourcing industry in Palestine is set to grow rapidly.

According to the report, one of the major drivers is the presence of abundant cheap labor. In the IT market in Palestine the output per employee is one of the highest in the country while the compensation is one of the lowest. This makes the country an attractive location for IT outsourcing services. Also, entrepreneurs are more likely to start an IT firm rather than venturing into other vertical industries.

The IT industry in Palestine started in the early 1980s where there were only few hardware distributors and dealers mostly working for Israeli companies. The latter half of the 1980s witnessed the emergence of a small number of software vendors providing basic solutions to end users in the local market. The actual growth of the IT market started at the beginning of ‘90s when new businesses emerged and started delivering software development services, internet-related services, and customized solutions in order to meet the demand coming from the local private sector, universities and local government agencies and municipalities. With the signing of the Oslo Accord, Palestine National Authority was established and the additional demand from the government sector contributed to growth of the IT market in Palestine.

Analysts forecast the IT market in Palestine will grow at a CAGR of 12.08 percent over the period 2013-2018.

Covered in this Report

The IT market in Palestine can be segmented into three divisions: Hardware, Software and IT Services. The report briefly discusses the history of the IT market in Palestine. The report also captures the growth of the key segments in the period 2013-2018.

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IT Market in Palestine 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. It also covers the IT market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Analyst recognizes the following companies as the key players in IT Market in Palestine: Asal Technologies, Cisco Systems Inc., Exalt Technologies Ltd., IConnect Ltd., MobiStine, Ultimit ATS.

Key Market Driver

  • Availability of Cheap Labor.

Key Market Challenge

  • Lack of IT Infrastructure.

Key Market Trend

  • Rise of Palestine as a Key Outsourcing Destination.

Key Questions Answered in this Report

  • What will the market size be in 2018 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?
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