IT growth expected to slow in 2007

By MATTHEW KRIEGER
March 15, 2007 07:06

Israel's information technology sector is expected to grow 9.2 percent to $4.26b. in 2007 after growing 15.55% in 2006, according to a report released Wednesday by the technology consulting group STKI ahead of its annual conference next week.




Israel's information technology sector is expected to grow 9.2 percent to $4.26 billion in 2007 after growing 15.55% in 2006, according to a report released Wednesday by the technology consulting group STKI ahead of its annual conference next week. STKI partner Jimmy Schwarzkopf noted that despite 2006's remarkable IT growth, 2007 doesn't have as great an outlook since the market seems to be dropping. The hi-tech and telecom industries continue to attract the most attention from investors and therefore are expected to grow 17% in 2007, followed by the infrastructure and transport sectors of IT, whose 2007 growth is projected at 12%.


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