The price of this market report covers 4 quarterly reports on this sector. This quarterly report will be downloadable instantly as a PDF document, with the 3 remaining reports delivered at regular intervals throughout the year.
The Czech Republics IT market is forecast to increase to US$4.9bn in 2012, up by around 3%, with our projection unchanged from Q112. Consumer and business IT spending are projected to stablise in 2012 after another difficult year in 2011, which saw PC sales decline in some quarters. BMI forecasts that demand will pick up in 2012, but economic uncertainty and rising unemployment will likely mean that during BMIs five-year forecast period, growth will remain below the immediate pre-2008 trend level.Headline Expenditure Projections
Computer hardware sales: US$2.0bn in 2011 to US$2.1bn in 2012, +5% in US dollar terms. Forecast in US dollar terms unchanged but the consumer PC market remains weak and in Q311 PC sales fell again.
Software sales: US$1.1bn in 2011 to US$1.1bn in 2012, +3% in US dollar terms. Forecast in US dollar terms unchanged as political and economic uncertainty weigh on investments. IT Services sales: US$1.7bn in 2011 to US$1.7bn in 2012, +0% in US dollar terms. Forecast in US dollar terms unchanged but the search for cost-savings will be a driver behind some managed services contracts.Business Environment Rating
The Czech Republics score was 58.9 out of 100.0. The Czech Republic ranked fifth in the Europe region in our latest BER table, behind the UK, Germany, France and Sweden, and was ranked first among CEE countries. Despite the relatively small size of its market, the Czech Republics ranking was boosted by a relatively high Country Structure score.Key Trends & Developments
In 2012, BMI expects to see growth in enterprise and consumer IT spending but 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.
Despite an impact from the eurozone crisis, the Czech Republics business investment environment remains more favourable than in many other EU markets. The rating upgrade by Standard & Poors likely contributed to an impressive investments performance in H111. Growth in IT spending will be stimulated by financial sector reform, telecoms investment and greater investment in international process integration and networking, as well as the employent of broadband for business and consumer use.
Click for Report details:Czech Republic Information Technology Report Q2 2012