- The key vendors in the IT Market in Bahrain 2015-2019 are Dell Inc., Gulf Business Machines, Hewlett-Packard, International Business Machine Corp., Lenovo Group Ltd. and Microsoft Corp.
London, 16 December 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the IT Market in Bahrain 2015-2019. Increasing demand for tablets and hybrid notebooks is one of the major trends emerging in this market. Rapid advances in the IT market in Bahrain have led to an increased adoption of tablets and hybrid notebooks, followed by smartphones. The market is expected to grow at a CAGR of 7.59 percent during the forecast period of 2014-2019.
The IT market in Bahrain has had a major influence on the development of the country’s infrastructure, quality of life, state of education, and emergence of SMEs. It provides a favorable business environment, which is aligned with the business parameters of regions across the globe including Asia, Europe, and Africa. Moreover, enterprises in Bahrain implement new technologies to support domestic and international growth and also to achieve diversification, which has driven the rapid adoption of secure, consistent, and scalable services.
“Implementation of e-government initiatives and various IT investment programs to modernize government organizations are contributing to the growth of the IT Services segment,” says Faisal Ghaus, Vice President of TechNavio Research.
“The government is developing better policies and regulations to achieve economic growth through fair competition.”
To define the market conditions 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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