Expansion of IT Services Triggering Growth in the ICT Market in Turkey: Technavio Report

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London, 26 November 2014: TechNavio, the independent tech-focused global research firm, has published a report on the ICT Market in Turkey 2015-2019, which is expected to grow at a CAGR of 7.21 percent during the forecast period of 2014-2019.

“Mobility has been increasing with the rapid emergence of portable devices such as tablets and notebooks that have increased the online presence of consumers, thereby banks and e-commerce retail services have started to implement the best IT services in Turkey,” says Faisal Ghaus, Vice President of TechNavio.

“Moreover, the rise in cloud-based services also has also created and continues to create demand for independent data center providers.”

Key Market Drivers

  • Increase in Government Support and Initiatives
  • Rapid Adoption of Technology by Young Population
  • Growth in IT Services
  • Rise in Number of Skilled IT Professionals

Key Market Trends

  • More E-commerce Applications
  • Expansion of IT Services
  • Usage of e-Government Applications
  • Increase in Adoption of Cloud Computing

Key Market Vendors

  • Hewlett-Packard Co. (HP)
  • International Business Machines Corp. (IBM)
  • KocSistem Bilgi ve IletiSim Hizmetleri AS
  • Oracle Corp.
  • Turk Telecom
  • Turkcell Telecom
  • Vodafone Turkey

To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.

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