PRAGUE, December 11, 2007 — IT spending in the
Czech Republic is expected to grow by 10.5% year on
year in 2007, to hit the $4 billion mark. According to a
recent IDC study, this is a slowdown from 17.5% growth
in 2006, when the IT market in the Czech Republic
reached almost $3.7 billion. Manufacturing, network
industries, and financial services accounted for the
largest share of IT investment in the Czech Republic
in 2006 and will continue to drive the market over the
coming years.
Hardware remains the engine of growth, accounting
for 43.4% of total IT spending in 2006. IT services
accounted for 36.4% and packaged software for the
remaining 20%.
"Each vertical market faces its own unique challenges
that affect their IT spending priorities," said Pavel
Roland, research analyst, IDC CEMA. "Generally,
the main factors contributing to further expansion of
the ICT market include EU funding for infrastructure
projects, growing household consumption and
corporate investment, economic revival in the EU,
increasing competitiveness among SMEs, and
government initiatives to support ICT development."
The largest vertical market in terms of IT spending
in the Czech Republic last year was manufacturing,
which was responsible for 23.1% of total IT investments.
In 2007, IT spending growth in this segment is expected
to accelerate to 17% year on year, mainly fueled by a
continuing inflow of foreign investments, the opening
of new production facilities, the revival of certain
manufacturing subsectors, and the restructuring of
business processes by established producers to
improve efficiency.
"IT spending in the manufacturing sector is being
driven by a boom in the automotive, electrical, and
IT industries as well as the engineering sector and
metallurgy," said Roland. "The continued inflow of FDI
and reinvestment, export-oriented production, and
increased business confidence also contribute to the
fast growth in this vertical market."
Network industries, including transport, communications,
and utilities, were the second-largest vertical market,
also accounting for 23.1% of the total IT spending in
2006. In 2007, IDC predicts that this vertical will grow
by 7% year on year. IT investments in the financial services
vertical, representing 16.3% of the IT market in 2006, are
predicted to expand by a marginal 4.4% in 2007.
IDC predicts that the IT market in the Czech Republic
will expand by 8.5% annually on average over the next
five years to total more than $5.5 billion in 2011.
www.idc.com
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