Turkey ICT Investment Market is Expected to Grow at a CAGR of 3.5% Turkey ICT investment Market 2017

Turkey ICT investment Market is Expected to Grow at a CAGR of
3.5% in 2017: Radiant Insights, Inc
Summary
According to Kable, the ICT market in Turkey is expected to grow at a CAGR of 3.5% during 2016-2020.
The Turkish government is keen on promoting the ICT sector and has revealed its vision for 2023, the
centennial foundation of the republic, with a target of increasing the ICT sector's share in GDP from 2.9%
to 8% and increasing the RandD expenditure to GDP ratio to 3% from 1%.
Key Findings
- Turkish enterprises are planning to allocate majority of the hardware budget to network and
communications equipment, security, servers, and desktops/laptops/thin clients segments
- Turkish enterprises prefer one time investment in software licenses in 2015, for software ownership and
invested more than one-fourth of their average hardware budget to the segment of software licenses
- SaaS has been the most preferred cloud computing solution area among Turkish enterprises in 2015,
with enterprises allocating a major portion of their average cloud computing budget to this solution area
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Synopsis
ICT investment trends in Turkey presents the findings from a survey of 105 Turkish enterprises regarding
their Information and Communications Technology (ICT) investment trends. The survey investigates how
Turkish enterprises currently allocate their ICT budgets across the core areas of enterprise ICT
expenditure: hardware, software, IT services, and communications. The report illustrates the core
technologies that enterprises are investing in, including IoT, cloud computing, security products, and
enterprise applications. The survey also highlights the approach to purchasing technology adopted by
enterprises in Turkey. Through Kable's survey, the report aims to provide a better insight to ICT vendors
and service providers when pitching their solutions to enterprises in Turkey.
In particular, it provides an in-depth analysis of the following:
- How ICT budgets are set to change in 2016 in terms of their overall size
- Allocation across the core elements of IT spend, including hardware, software, services, and
communications
- Distribution of ICT Turkish Lira (TRY) in areas such as the networks, applications, service desk, and
data centers