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Recently released market study: Czech Republic Information Technology Report Q3 2011

New Computer Technology research report from Business Monitor International is now available from Fast Market Research

July 24, 2011 - PRLog -- Market Overview  The Czech Republic's IT market is forecast to achieve a compound annual growth rate (CAGR) of 9%  from US$4.7bn in 2011 to around US$6.5bn in 2015. Consumer and business IT spending picked up in  2010 but continued economic uncertainty and rising unemployment will likely mean that, during BMI's  five-year forecast period, growth will remain below the immediate pre-2008 trend level.  BMI expects to see a continued improvement during 2011 in enterprise and consumer IT spending, but an  uncertain economic and political climate will weigh on investments. Unemployment is expected to  remain relatively high, and this will act as a drag on real wage growth and consumer demand.  Industry Developments  The Czech Ministry for Local Development, which supervises the allocation of EU subsidies for  investment in IT and other areas, has launched a campaign to make access to the funds easier for smaller  organisations. According to the ministry's plans, subsidies should go into areas with strong potential to  drive growth. Since the beginning of the 2007-2013 budget period, the total amount approved by the EU  for Czech projects has reached CZK150.6bn.  The health sector is one area of growing public sector spending. The Czech National Health Insurance  Agency has implemented a new anti-fraud software plan to be implemented in the next couple of years.  As part of the modernisation of the sector, 14 medical institutes run by the Ministry of Health are also  rolling out unified software, supplied by Aquasoft.  Competitive Landscape  In September 2010, iPad-maker Apple signed up AT Computers as a second distributor for the Czech  market. Apple hoped that the new distribution deal would help it to cut local prices by thousands of  crowns, from a level around 10-15% above that found in much of the rest of Europe. Previously retail  prices and margins were determined by Apple's sole Czech distributor Apcom, but now Apple has  planned to get more involved.  Despite the impact of the global financial crisis, the banking and financial services sector remains a key  target for IT vendors. In April 2010, business analytics software vendor SAS won a contract from the  Czech Republic's largest bank, Ceska sporitelna. The bank purchased SAS's Marketing Optimisation  software with the aim of optimising existing marketing campaigns and increasing income. Ceska  sporitelna, which already uses SAS software, selected long-term partner Capgemini for the  implementation.  Czech Republic Information Technology Report Q1 2011  © Business Monitor International Ltd Page 6  Meanwhile, also in April 2010, Israeli IT services global player Ness announced that it had won a  US$2mn contract from Teva Czech Industries, a provider of pharmaceuticals products. The important  project win confirmed Ness' position as a leading provider of Oracle implementation services in the  Czech Republic after the vendor had delivered solutions for other Czech companies such as Vitkovice  and Dalkia Czech Republic.
About Business Monitor International

Full Report Details at
- http://www.fastmr.com/prod/208440_czech_republic_informat...

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets.  BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports.  Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports.  View more research from Business Monitor International at http://www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

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Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

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Source:Fast Market Research
Location:Massachusetts - United States
Industry:Computers, Software, Technology
Tags:Software, Apple, Sas, Health, Ministry, Sporitelna, Implementation, Campaign, Won, Bank
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