20 Jul 2021
Professional Services to Lead 6% Growth in CEE ICT Spending in 2021, Says IDC
Prague, July 29 — The ICT market in Central and Eastern Europe (CEE) will expand 6.1% year on year in 2021, rising to a value of more than $139 billion, according to a new forecast by International Data Corporation (IDC).
IDC’s Worldwide Semiannual ICT Spending Guide Industry and Company Size reports that professional services is projected to have the fastest spending growth in CEE, recording a 5.8% compound annual growth rate (CAGR) from 2021–2025.
Personal and consumer services currently account for less than 1% of ICT spending in CEE, but the sector is expected to post a 6.2% CAGR through 2025. IDC notes that CEE investments in this sector are ramping up as companies implement digital transformation (DX) strategies to underpin their future business.
In the hardware category, infrastructure as a service, mobile phones, and personal computing devices are all forecast to grow at double-digit rates in CEE in 2021.
IDC says the need to reduce internal and external IT operational costs while boosting agility and resiliency is fueling demand for cloud infrastructure services. Mobile phones and PCs are regarded as primary client systems. These technologies enable Internet of Things/endpoints, edge infrastructure, core datacenters, and cloud, facilitating adoption of new hybrid working models.
IDC’s recent European Industry Acceleration Survey found that cybersecurity will remain a leading driver of spending in 2021. Large and medium-sized companies are expected to increase expenditures at a faster rate than small businesses. Larger organizations are more resilient to macroeconomic shocks and have benefited from more COVID-19-related government support, particularly in Russia.
“The COVID-19 crisis continues to impact ICT expenditures in Central and Eastern Europe, but there are bright spots for technology vendors, services providers, and systems integrators,” says Soheyla Mirshahi, IDC senior research analyst. “Companies are investing in new working models that emphasize agile, flexible, customer-centric, and automated processes. Demand for infrastructure as a service will grow in double digits in the coming years.”
For more information, contact Soheyla Mirshahi at firstname.lastname@example.org.
The Worldwide Semiannual ICT Spending Guide Industry and Company Size is IDC's flagship all-in-one data product capturing IT spending across more than 100 technology categories and 53 countries. This IDC Spending Guide will provide a granular view of the market for IT spending from a country, industry, company size, and technology perspective. 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, relationships, and making data comparisons across more than 3 million data points.
About IDC Spending Guides
IDC's Spending Guides provide a granular view of key technology markets from a regional, vertical industry, use case, buyer, and technology perspective. The spending guides are delivered via pivot table format or custom query tool, allowing the user to easily extract meaningful information about each market by viewing data trends and relationships.
For more information about IDC's Spending Guides, contact Monika Kumar at email@example.com.
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 International Data Group, the world's leading tech media, data and marketing services company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC and LinkedIn. Subscribe to the IDC Blog for industry news and insights: http://bit.ly/IDCBlog_Subscribe.
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