Newly released market study: Czech Republic Information Technology Report Q3 2016

From: Fast Market Research, Inc.
Published: Fri May 13 2016


We expect relatively strong growth in Czech IT spending over the medium term , with a CAGR of 5.6% forecast for 2016-2020 to CZK99.6bn . The market will be even more lucrative in US dollar terms due to koruna appreciation , though this could be a squeeze on the large electronics export industry and the growth of the software development industry . Meanwhile, for domestic spending, a strengthening currency is positive for economic confidence and household purchasing power that will support retail PC volume growth, as well as upside for increasing PC average selling prices as the middle class becomes more affluent.

Latest Updates & Industry Developments

Computer Hardware Sales: CZK30.2bn in 2016 to CZK33.6bn in 2020, a compound annual growth rate (CAGR) of 2.7% in local currency terms. Desktop market will underperform, but strong retail sales of notebooks and tablets expected as household incomes register significant increases.
Software Sales: CZK18.9bn in 2016 to CZK24.7bn in 2020, a CAGR of 7.0%. Cloud delivery models will result in some price erosion, but this drag will be offset by a deepening of the enterprise applications market to more small- and medium-sized enterprises.
IT Services Sales: CZK31.1bn in 2016 to CZK41.4bn in 2020, a CAGR of 7.4%. Growing demand from enterprises and the public sector for outsourcing and cloud service will underpin IT services spending growth outperformance over the medium term.

Full Report Details at
- http://www.fastmr.com/prod/1170510_czech_republic_information.aspx?afid=301

The Czech Republic Information Technology Report features BMI Research's market assessment and independent forecasts covering personal computers and software; semi-conductors, memory chips, integrated circuits and general components; the internet and IT solutions. It analyses analyses regulatory changes (licensing, customs and intellectual property protection) and competitive landscapes comparing IT companies by products, sales, market share, investments, projects and expansion strategies.

BMI's Czech Republic Information Technology Report provides industry professionals and strategists, corporate analysts, IT associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the IT industry in Czech Republic.

Key Benefits
Benchmark BMI's independent IT Industry forecasts for Czech Republic to test other views - a key input for successful budgetary and strategic business planning in the Czech IT market.
Target business opportunities and risks in Czech Republic's IT sector through our reviews of latest industry trends, regulatory changes, and major deals, projects and investments in Czech Republic.
Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).

Coverage

BMI Industry View

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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Contact Phone: 1-413-485-7001

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