Kuwait: Kuwait, the third-largest computer market in the Gulf, has recovered from the economic slowdown, and local IT spending is forecast to record healthy growth in 2012, Research and Markets said Friday in "Kuwait Information Technology Report Q2 2012".
The report said IT services sales would increase 9 percent to $291 million in 2012 from $267 million in 2011 as the government is keen to act as an agent of new technology adoption in Kuwait's industry sector.
Computer hardware sales would also increase 9 percent to $394 million in 2012 from $362 million in 2011.
Software sales would also rise 9 percent to $254 million in 2012 from $233 million in 2011.
Expected increases in oil output and prices, and a forecast bumper year in 2012 should provide support for higher IT budgets in the key oil and gas vertical. Oil companies continue to invest in IT, the report said. Source: zawya.com