"The growth of the IT sector in
But BMI estimated the size of the Lebanese IT sector at
It projected the sector to grow by 7.8 percent to
It forecast the market to grow at a compound annual rate of 11 percent during the 2014-17 period and to reach
Bahsoun argued that the successive telecommunication ministers had failed to improve the IT sector and Internet considerably, adding that some of the ministers were too busy fighting with officials from the state-run Ogero company instead of trying to find solutions to turn around the industry's poor growth.
"Some of the ministers are keen on making personal achievements at the ministries instead of looking out for public interest," Bahsoun said.
"Take the example of my company. Most of our work is based abroad because the charges put by the suppliers are outrageous," he said.
MultiLane is among the Lebanese IT companies that are generating most of their revenues from other countries after opening offices abroad to cut expenses.
"Our global customers like
Daou said that MultiLane, like many Lebanese businesses, was forced to bribe customs officials just to let its supplies enter the country.
"When we try to bring in some supplies to
Daou believes that one way to combat corruption in
"Many of the IT companies are moving to
The consultant said new rules and regulations were needed to attract more firms and improve the growth of the sector.
"Why would a startup company move to
In its report, BMI also said it expected software piracy to continue to negatively impact the development of the domestic software market, despite the implementation of some public and private projects to limit piracy in
It also noted that the sale of personal computers in
"This trend will sustain the growth in the number of tablets sold, but will negatively affect the growth of the computer hardware segment, given that the average selling price of tablets is declining," BMI said.
BMI also said that cybersecurity issues had the potential to be a disruptive factor in the development of the IT market in
It cautioned that a successful cyberattack, mainly on critical infrastructure, would have the potential to undermine confidence in IT systems and solutions, which would affect the sector's growth.
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