Czech Republic Information Technology Report Q2 2016
BMI View: We revised down our growth outlook for IT spending in 2016 in the Q216 update to reflect aweaker economic outlook, but our core scenario nonetheless continues to be for strong growth over themedium term. We envisage a CAGR of 5.6% 2016-2020 to CZK99.6bn, with stronger performance in USdollar terms due to koruna appreciation. A strengthening currency is positive for economic confidence, forgrowth of household purchasing power that will support retail PC volume growth, as well as upside forincreasing PC average selling prices as the middle class becomes more affluent. The software and servicesmarkets will still outperform, with the extent and sophistication of enterprise and public IT utilisation, andadoption of emerging technologies such as cloud computing and smart services positives in the Czechmarket.
Latest Updates & Industry Developments
Computer Hardware Sales: CZK30.2bn in 2016 to CZK33.6bn in 2020, a compound annual growthrate (CAGR) of 2.8% in local currency terms. Desktop market will underperform, but strong retail salesof notebooks and tablets expected as household incomes rise register significant increases.
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