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BMI View: IT spending is expected to reach ILS22.6bn in 2013, with relatively stronger growth in software and services, compared to hardware as the market matures. Although vendors reported a seasonal dip in new projects in Q113, BMI believes IT spending will remain on a positive trajectory this year. The market will increasingly be driven by software and services in key sectors such as government, defence and financial services - resulting in IT services accounting for 36.4% of the overall market spending by 2017. Headline Expenditure Projections Computer Hardware Sales: ILS9.56bn in 2012 to ILS9.55bn in 2013, down 0.1% in local currency terms. The slowdown is primarily the result of macroeconomic factors, but Israeli businesses are investing more to facilitate expansion and development and ...
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