Serbia Information Technology Report 2016 - New Market Study Published

From: Fast Market Research, Inc.
Published: Sun Nov 29 2015

After being a regional underperformer for much of 2012-2015 , we believe Serbia's IT market is poised to enter a period of faster growth over the medium term, but particularly from 2017. Central to this view is our Country Risk team for Serbia's positive economic outlook including household income growth, increasing purchasing power in global markets and strengthening business sentiment - all of which should deepen the market, as well as alleviate some price sensitivity. We believe the retail market will fare relatively well in a European perspective 2016-2019, but nonetheless be outperformed by software and services demand that will be underpinned by enterprise and public sector modernisation and service launches. There is particularly strong growth potential for cloud computing services, al though we caution this will require significant investment in data network and datacentre infrastructure to remove the existing bottleneck to wider adoption. For 2016-2019 we forecast a CAGR of 6.6% to almost RSD67.3bn in 2019.

Full Report Details at

Latest Updates And Industry Developments

Computer Hardware Sales: RSD31.6bn in 2016, rising to RSD37.3bn in 2019, corresponding to a CAGR of 4.7%. Household income growth and deferred purchases from the period of economic uncertainty will allow vendors to tap into the relatively low PC penetration rate in Serbia over the medium term.
Software Sales: RSD7.6bn in 2016 to RSD10.1bn in 2019, corresponding to a CAGR of 8.6%. Enterprise application spending growth the key driver, with upside potential should cloud computing supply increase, which would enable a deepening of the market to Serbian SMEs.

The Serbia Information Technology Report features Business Monitor International (BMI)'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 Serbia 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 Serbia.

Key Benefits

* Benchmark BMI's independent IT Industry forecasts for Serbia to test other views - a key input for successful budgetary and strategic business planning in the Serbian IT market.
* Target business opportunities and risks in Serbia's IT sector through our reviews of latest industry trends, regulatory changes, and major deals, projects and investments in Serbia.

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Indonesia Information Technology Report Q1 2016
- Philippines Information Technology Report Q1 2016
- Turkey Information Technology Report Q1 2016
- Czech Republic Information Technology Report Q1 2016
- Chile Information Technology Report Q1 2016

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

Visit website »