13 Jul 2017
Telecommunications and Utilities at the Forefront of Digitalization Investment in Central and Eastern Europe, Says IDC
FOR IMMEDIATE RELEASE, Prague — IDC's recently published Semiannual IT Spending Guide: Industry and Company Size, H2 2016 shows very dynamic spending growth among telcos and utility firms, which will reach $11.69 billion in 2018 (for the two sectors combined) and will record a compound annual growth rate (CAGR) of 5.3% through 2021.
Telcos and utilities will be the main drivers of the hardware market in the coming years. "Organizations in the telecom and utility sectors are facing up to the challenge of incorporating disruptive new technologies into their systems in CEE, despite many bureaucratic and financial obstacles," says Senior Research Analyst Ivana Slaharova. Consequently, these sectors will be at the forefront of digital transformation in the region through 2021 and beyond. IT services spending will be driven by the public sector and the finance industry, as well as by telecommunications and utilities, while manufacturing is the domain of software, with manufacturers expected to account for one-third of software spending in 2018.
In terms of end-user segments, large businesses are expected to account for more than 60% of total IT spending in 2018. Medium-sized businesses will be responsible for around 20%, and spending by small businesses will amount to a little over 13%. IT spending among small offices will be limited, at less than 5% of the total. Consumer IT spending is forecast to decline slightly through 2021.
About IDC Spending Guides
The Worldwide Semiannual IT Spending Guide: Industry and Company Size is IDC's flagship all-in-one data product capturing IT spending across 100+ technology categories, eight regions, and 53 countries. It provides a segmented view of the IT spending market from country, industry, company-size, and technology perspectives. In the Central and Eastern European market, the most granular views are available for Czech Republic, Hungary, Poland, Romania, Russia and Rest of Central and Eastern Europe.
This comprehensive database delivered via pivot table format or IDC's custom query tool allows the user to easily extract meaningful information about various technology markets and industries by viewing data trends and relationships, and making data comparisons across 3+ million data points.
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly-owned subsidiary of IDG, the world's leading technology media, data, and marketing services company. To learn more about IDC, please visit www.idc.com. You can also follow IDC on Twitter at @IDC.
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