Adoption of Server Virtualization Spurring Growth in the IT Market in the Czech Republic

PRAGUE - Aug. 19, 2015 - PRLog -- The recent increase in IT spending in the Czech Republic is responsible for fostering growth in this market. The Czech Republic is strategically located in the heart of Europe, which helps in reducing transportation costs and provides easy access to the rest of Europe. The Czech Republic has a unique identity for production cycle requirements that aids multinational enterprises in establishing their research centers in this region. The country’s geographical advantage, modern telecommunications infrastructure, and high intellectual capital allow enterprises to offer IT solutions at very competitive prices.

“Virtualization is an essential strategy for increasing IT efficiency. It has made significant inroads in the IT market in Germany, and it is currently difficult to find an enterprise or data center that is not using desktop and virtualized server technologies,” says Faisal Ghaus, Vice President of Technavio.

“Server virtualization technology, in which one physical server can act as many virtual servers, allows organizations to reduce the number of physical servers in their data centers.”

Key Market Drivers:

·         Strategic Location.

·         Increasing Entrepreneurial Initiatives.

·         High-quality Infrastructure.

·         Increased Government Support.

Key Market Trends:

·         Increased Adoption of Big Data.

·         Popularity of Cloud Computing.

·         Increase in Adoption of Virtualization Environment.

Key Market Vendors:

·         Accenture plc

·         Dell Inc.

·         Hewlett Packard (HP) Co.

·         IBM Corp.

To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in the order of importance.

If you are interested in more information on this topic and our upcoming research on the IT Market in the Czech Republic 2015-2019 (http://www.technavio.com/report/czech-republic-it-market?...), please send an e-mail to media@TechNavio.com.