Report Published: "Hungary Information Technology Report Q3 2016"

From: Fast Market Research, Inc.
Published: Mon May 09 2016

After recession and forint depreciation weighed on economic sentiment and IT market performance in Hungary in recent years t he medium term - outlook is considerably stronger . Conditions will improve slightly in 2016, but we expect a faster growth trajectory from 2017 across all three market segments as household income growth improves the retail hardware market, while enterprise modernisation and rationalisation will drive faster growth for software and services spending. We forecast IT spending will increase at a CAGR of 6.1 % 2016-2020 to HUF679.1bn.

Full Report Details at

Latest Updates And Key Forecasts

Computer Hardware Sales: HUF210bn in 2016 to HUF249bn in 2020, a compound annual growth rate (CAGR) of 4.3% in local currency terms. After forint depreciation there is pent-up upgrade demand, which should be unlocked as household purchasing power growth accelerates from 2017.
Software Sales: HUF114bn in 2016 to HUF140bn in 2019, a CAGR of 5.3%. We expect demand growth for enterprise applications as lower cost cloud models deepen the market and large enterprises modernise.
IT Services Sales: HUF212bn in 2016 to HUF291bn in 2020, a CAGR of 8.2%. IT Enterprise demand for cost-saving solutions such as outsourcing and cloud computing will drive the services segment, even as economic pressures become less intense as growth strengthens.

The Hungary 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 Hungary 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 Hungary.

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


BMI Industry View

Summary of BMI’s key industry forecasts, views and trend analysis covering IT, regulatory changes, major investments and projects and significant national and multinational company developments.

Industry SWOT Analysis

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