DUBLIN--(BUSINESS WIRE)--Dublin - Research and Markets (http://www.researchandmarkets.com/research/f4c5d2/poland_information) has announced the addition of the "Poland Information Technology Report Q1 2012" report to their offering.
Polish IT spending is expected to grow at a compound annual growth rate (CAGR) of 10% between 2012 and 2016, with IT services driving growth for the sector as a whole. Polish consumer spending is among the most robust in Europe at present, with electronics goods such as notebooks and smartphones among the biggest growth areas. It services spending has also trended upwards, with a boost from projects in sectors such as healthcare and financial services.
Poland still looks well positioned to be one of the best regional IT market prospects. In 2011, demand was strong across several key IT spending segments including telecoms, manufacturing and utilities. Some public sector projects were on hold ahead of national elections in October 2011, meaning that vendors are likely to focus on recovering private demand.
Enterprise IT spending should be steady in 2012. It is estimated that the average product replacement lengthened by around half a year during the economic slowdown, creating a latent demand for upgrades. Business and consumer investment will remain vulnerable, however, to any sign of weakness in the eurozone or global economic recovery.
Industry Developments:
The introduction of new VAT rates, effective from January 1 2011, was reported by vendors to be providing a boost to sales of financial and accounting software. Vendors were adjusting their software to the tax change as they anticipated brisk sales. The new tax rates were announced in a bill on September 9 2010.
Poland's National IT Infrastructure Plan for 2007-2013 was formally adopted by the government in 2008, following a public sector IT spending slowdown in preceding years. In 2009, EU funding drove a series of projects, with the IT component worth nearly EUR1bn. According to the National IT Infrastructure Plan, some 75% of funds spent on government IT projects over the next five years is expected to come from the EU.
Companies Mentioned:
- HP Polska
- Asseco Poland
- Dell Polska
- Microsoft
- IBM Poland
For more information visit http://www.researchandmarkets.com/research/f4c5d2/poland_information