ReleaseWire

Our outlook for the Venezuelan IT market is bearish, and we expect it to be a regional underperformer over the medium term. The short-term outlook is particularly poor, with economic instability including inflation of almost 50% and sharp depreciation of the bolivar exacerbating existing downside from the government's interventionist approach. There are however opportunities for vendors to tap over the medium - term, with low PC penetration and government programmes to boost sales. As the economic situation stabilises in the latter years of our forecast we believe local and regional vendors will be well positioned to capitalise on opportunities presented by government and enterprise modernisation.

Thailand's IT market has been negatively impacted by the economic and political environment. Political tensions, high household debt and baht depreciation all weigh on our forecast in 2014, but we expect the situation to improve markedly from 2015. Over the medium term s trong growth is forecast across all IT segments makes the Thai IT market one of the largest and fastest growing in the region. Drivers such as high private final consumption and the economy's strong growth trajectory will support the market's expected expansion. In addition, fundamentals such as increasing connectivity and the falling price of devices are enabling a wider range of potential users to enter the market. We see strongest growth in product categories such as tablets , cloud computing, big data analytics, real-time business management systems and enterprise software adoption among SMEs.

Level Sensors Market Focus on Technologies [Contact Type (Magnetostrictive, Vibratory probe, Hydrostatic, Magnetic float) and Non Contact Type (Ultrasonic, Radar, Optical, Laser)], Applications and Geography - Global Trends & Forecast to 2013 - 2020

BMI View: The re w as a marked uptick in data centre construction and ex pansion in 2013 in Latin America, and g lobal powerho uses such as Google and IBM have already made moves into Colombia . However, the country scores poorly in our Risk/Reward Ratings for the quarter, coming in at eighth out of nine markets in the Americas region as economic and political uncertainties weigh on the medium term outlook . We forecast total IT spending to reach COP6.8trn in 2014. With its established , mature market, the Colombian IT market is held back by the weakened peso and continuing political challenges facing the government.

Internet of Things Technology and Application Market by Communication Technology (ZigBee, Z-Wave, Bluetooth, Wi-Fi, NFC, RFID), Application Vertical (Building Automation, Consumer, Wearable Electronics, Industrial, Automotive & Transportation, Agriculture) & Geography - Global Trends & Forecasts to 2014 - 2020

Mega Data Center Market by Solutions: Infrastructure (Server, Storage, Networking), Support (Power, Cooling, Security), by Services (Professional, Monitoring, SI), & by Users (Cloud, Colocation, Enterprises) - Global Forecasts & Analysis (2014-2019)

Smart Lighting Market by Component (Relays, Occupancy Sensors, Actuators, Transmitters, Receivers), Lighting Type (LED, FL, CFL, HID), Connectivity Technology (Wired, Wireless), Application (Commercial, Industrial, Public, Government, Residential) & Geography - Global Forecast & Analysis to 2014-2020

EMC Filtration Market by Load Type (Single Phase & Three Phase), by Insertion Loss, by Applications, by Industry Verticals (Military, Medical, Automobile, Commercial, Consumer Electronics, & Telecom) & by Geography - Analysis & Forecast to 2014 - 2020

Computers and office machinery market grows at CAGR of 7% over 2007-2012 to reach SR15.5 billion in latter year. Market strongly relies on demand from business, with business entities continuing to prefer desktop computers. Saudi Arabia does not have an established computer industry and imports accounted for 85% of market value in 2012. Industry forecast to grow at CAGR of 6% over forecast period, driven by demand from business and government spending on IT infrastructure.

BMI View: China's IT market remains attractive with strong growth prospects resulting from (inter alia) the size of population, rising incomes, relatively low market penetration and a supportive poli tical environment . IT spending growth in China is expected to outperform on a regional and global basis, with a CAGR of 9. 7 % forecast 2014-2018 as IT spending increases as a share of GDP . However, China's IT market is not without its challenges as the pool of first-time buyers diminishes and vendors continue to struggle in the face of ongoing high levels of piracy, cyber security issues and intense competition looking to price-sensitive consumers. BMI believes that t he outlook is positive overall , with the caveats mentioned above.

BMI View: South Africa's slow economic growth and weak investor sentiment will weigh on IT spending by businesses and consumers during our five-year forecast period, ending in 2018. However, we expect the successful completion of the May 7 2014 general elections and the victory of the ruling African National Congress (ANC) party to allay concerns o ver po litical instability and ensure continued government expenditure on various infrastructure and social projects, which would have a secondary effect on the IT market.

Israel's IT market is the most developed in the Middle East with a rich ecosystem of major global investors, start-ups and universities engaged in cutting edge research. These features compensate for the relatively small and mature market that drags growth rates below those of many other MEA markets.

Online technical support is a fairly new concept. While it has been a work in progress for many companies, a company that promises to fill the gap is TECHIFIY. This company is the answer to all technical problems faced by customers. It is also the big problem solver when it comes to removing annoying viruses. It is a company that has the IT solution for everything that can cause damage to a customer and also come in the way of productivity.

3D Sensor Market by Technology (Leap, Ultrasound, Stereo Camera, Structured Light and TOF), Products (Consumer, Medical, Automotive, Media & Entertainment and 3D Robots),Types, Applications and Geography - Analysis & Forecast to 2014 - 2020

Our core scenario is positive over the medium term, based on a solid foundation of economic growth and modernisation. The inherent demographic profile advantage, coupled with sustained growth and consistent government push towards reforms, lends a bullish, long-term future for the IT sector in the country. Continued investments by multinational sector players, such as Apple, testifies Turkey's IT market is expected to be a regional outperformer over our five-year forecast period to 2018. However, there exists significant downside to this view, from both the vulnerability of the economy to external shocks and the increasing concerns about the domestic political situation.

Mexico's exposure to the US will help drive an acceleration in real GDP growth to 3.3% in 2014, from 1.1% in 2013, with knock-on effects for government spending and private consumption in the IT sector. This is particularly true of outsourcing demand from the US supporting the IT services segment in Mexico. Increased demand for cloud computing and infrastructure-as-a-service is leading to growth in the Mexico data centre industry, which is expected to further benefit from government projects such as the new National Digital Strategy and reforms to the telecoms sector. Consumer spending could be channelled into hardware such as computers, where there are still growth opportunities with just 35.8% of households owning a computer at the end of 2013. We estimate the size of the market exceeded MXN210bn in 2013 and that it will rise to MXN274bn by 2018, with CAGR of 5.4%.

3D & 4D Technology Market by 3D Product Type (IC, Printer, Gaming, Cinema Screen, CAD, Navigation, Animation, Camera, Medical Imaging (3D & 4D), HMD, Smart-Phone, TV, Projectors), Application, and Geography - Forecast and Analysis to 2013 - 2020

The economic environment will become more supportive of IT market expansion in 2014, however with business and consumer confidence remaining fragile in the context of external risks we do not expect a sharp uptick in spending. Despite these challenges there are solid fundamentals for medium-term growth. In the retail market relatively low penetration rates, combined with declining device prices, particularly in the tablet market, will see Hungary outperform developed markets in terms of growth rates.

Spectrum Analyzer Market by Types (Sweep Tuned, Vector Signal, and Real Time), Frequency Range (<6 GHz, 6-18 GHz, >18 GHz), Form Factor (Handheld, Portable, and Bench Top Spectrum Analyzer), End Users & Geography - Global Trends & Forecasts to 2014 - 2019

The Peruvian government has been looking for ways to reduce its dependence on natural resources and believes a focus on the ICT industry could facilitate this move. At the end of 2013, the IT industry accounted for around 0.9% of GDP, but with rising incomes and supportive government policy we expect this to rise to 1.1% by 2018. The government is improving supporting infrastructure, for instance through the Fibre Optic Backbone Network, and boosting domestic IT enterprise development through StartUp Peru and the One Laptop Per Child policy. We believe Peru's IT market will perform strongly over the medium term due to a combination of a supportive macroeconomic environment and growth trends in the IT sector. There is however downside to an otherwise positive outlook, with our Asia Country Risk team expecting weaker Chinese demand to negatively impact Peruvian growth.

the Indonesian IT market is forecast to be a regional outperformer over the medium term with IT market growth benefitting from strong economic growth, a low PC penetration rate and an emerging middle class. Retail hardware, enterprise software and cloud computing are expected to be key drivers of medium-term growth. The retail market will be the major driver of growth, with PC penetration estimated at below 10% in 2012, meaning there is significant growth potential from first-time buyers and upgrades/ personal devices. However, there is short-to-medium term downside in Indonesia as vendors face depreciation of the rupiah, which has raised the cost of dollar denominated hardware and software imports, or required vendors to absorb the costs. In the immediate future, IT spending is forecast to increase to IDR71.7trn in 2014, up 12.3% from 2013, with the IT market accounting for 0.7% of GDP.

Strong income growth and low penetration of PCs, enterprise software and services will combine to boost IT spending growth in Sri Lanka over the medium term. We expect it to embark on a period of catch-up growth 2014-2018, closing the gap to comparable markets in terms of the penetration of IT products and solutions after a long period of conflict. We forecast a CAGR of 15.5% for 2014-2018, with the market increasing to a value of LRK123bn in 2018. As well as strong domestic demand the local IT industry is also developing, with a vibrant local software and BPO industry and the development of local facilities for PC manufacture and assembly to service the local market and wider region. Another area where we expect strong growth is the cloud computing market, with leading global vendors and local players entering the market and low penetration of on-premises enterprise software and IT infrastructure deployments.

3D Animation Market by Hardware (Workstations, Video Card/GPU, Mocap system), Software (Packaged Software/Platform, SDK, Plug-in Software), Service (Consulting, Support & Maintenance, Development & Integration, Training & Certification) - Worldwide Forecasts & Analysis (2014-2019)

Manufacturing Execution System Market by Applications (Process Industries- Chemicals, F&B, Oil & Gas, Pulp & Paper, Lifesciences Power, Water & Wastewater Management; Discrete Industries- Automotive, Medical Devices, Aerospace & Defense, FMCG) and Geography (Americas, EMEA, & APAC) - Global Trends & Forecasts to 2014 - 2020

Testing, Inspection and Certification (TIC) Market by Products (Electronics & Automotive) & Geography (APAC, Europe, North America, South America, and Row) - Global Forecast to 2013- 2020