Czech Republic Information Technology Report Q2 2013 - New Market Research Report

New Computer Technology market report from Business Monitor International: "Czech Republic Information Technology Report Q2 2013"

by Bill Thompson

(WireNews+Co) - Boston, MA - 22 March 2013

BMI View: BMI forecasts demand will pick up after 2014, but economic uncertainty and rising unemployment is likely to mean that during BMI's five-year forecast period, growth will remain below the immediate pre-2008 trend level. The Czech Republic's IT market is forecast at CZK106bn in 2013, up by 15%, with growth in IT spending stimulated by greater investment in international process integration and networking, as well as the employment of broadband for business and consumer use. Government ICT initiatives, often backed by EU subsidies, will continue to generate opportunities, with new tenders in 2012 from government bodies such as the Ministry of Defence.

Computer Hardware Sales: CZK38.9bn in 2012 to CZK44.7bn in 2013, or an increase of 15%.

Software Sales: CZK20.6bn in 2012 to CZK23.7bn in 2013, or an increase of 15%. Large enterprises still account for about half of the spending on enterprise application solutions (EAS) in the Czech Republic.

View Full Report Details (http://www.fastmr.com/prod/552289_czech_republic_information_technology_report_q2.aspx?afid=201) (http://www.fastmr.com/prod/552289_czech_republic_information_technology_report_q2.aspx?afid=201)

IT Services Sales: CZK32.1bn in 2012 to CZK37.2bn in 2013, or an increase of 16%. IT services market is set to expand as Czech organisations upgrade IT systems to gain or maintain competitive advantage.

- In 2013, BMI expects to modest growth in enterprise and consumer IT spending as an uncertain economic and political climate will continue to restrain growth. Unemployment is likely to remain relatively high and this will act as a drag on real wages growth and consumer demand.
- Many larger organisations in the manufacturing and utilities sector, in particular, have already completed ERP implementations. However, BMI expects growth to pick up again as the focus of software market growth shifts from basic ERP implementations for large accounts and central government to new markets and product areas.
- The administration's fiscal austerity programme will continue in 2013, but we expect it to be eased in 2014 and this could provide a boost to IT investments. 2012 brought new information technology tenders from central and local government bodies such as the Social Security Administration and the Ministry of Defence.

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