2013-12-02 13:01:14 - Fast Market Research recommends "Slovenia Information Technology Report Q1 2014" from Business Monitor International, now available
As the country's recession continues fiscal austerity measures domestically, and in the eurozone, will continue to weigh on demand for IT products and services, with consumption constrained. Our forecast was downgraded in the last quarterly update of the Slovenian IT report, and as our macroeconomic and industry outlook has not improved, we continue to expect stagnation in 2013 of 2.45%. While the market has had a challenging few years, the fundamentals of rising incomes over the medium term, alongside continued modernisation of enterprises and public administration mean we expect a CAGR of 4.5% between 2013 and 2017.
Headline Expenditure Projections
Computer Hardware Sales: EUR362mn in 2012 to EUR364mn in 2013, an increase of 0.5% in local currency terms. Initial indications are that
the launch of Windows 8 has done little to boost demand, while the economic environment continues to result in business caution in the corporate and small- and medium-sized enterprise (SME) segments.
Full Report Details at
- www.fastmr.com/prod/723507_slovenia_information_technology_repor ..
Software Sales: EUR157mn in 2012 to EUR164mn in 2013, an increase of 4.5% in local currency. Large enterprises still account for about half of the spending on enterprise application solutions (EAS) in Slovenia. IT Services Sales: EUR212mn in 2012 to EUR222mn in 2013, an increase of 4.7% in local currency terms. The IT services market will outperform in 2013, based on the demand for cost cutting products such as cloud computing and outsourcing.
Key Trends & Developments
* Recent growth trends in the Slovenian IT market have been dominated by the performance of the economy as a whole. Private demand, company investment and government expenditure all face headwinds over the coming quarter as confidence is fragile in light of the wider economic challenges. There has been a reallocation of IT budgets from new procurements to the maintenance of existing systems and hardware. However, larger recent projects from some organisations in traditional IT spending verticals such as utilities and banking demonstrate that companies are still willing to invest in IT to boost competitiveness and to support new services.
* One relatively bright spot is the public sector, which should be a source of opportunity for IT vendors even in a period of fiscal austerity. Some large projects are under way or being launched. For instance, there is an initiative to create an e-health system in Slovenia by 2020 as one prime example, while the Ministry of Finance is also implementing an e-tax system. IT services companies are considered to be the best positioned to benefit from this trend, as well as from IT projects tendered across various sectors, including education, retail and financial institutions
Report Table of Contents:
BMI Industry View
- Business Environment
- Table: Slovenia IT Industry - Historical Data And Forecasts (EURmn)
- Table: Slovenian Telecoms Sector - Internet - Historical Data And Forecasts, 2010-2017
- Economic Analysis
- Table: Slovenia - Economic Activity
Industry Risk Reward Ratings
- Industry Risk/Reward Ratings
- Table: Europe IT Risk/Reward Ratings, Q1 2014
- Table: PC Enterprise Penetration By Number Of Employees (%)
Industry Trends And Developments
- Table: Regulatory Authorities
- International Companies
- Table: IBM
- Table: Hewlett-Packard
- Table: S&T Communications
- Local Companies
- Table: NIL Data Communications
- Table: Selected Developments
- Europe Overview
- Table: Slovenia's Population By Age Group, 1990-2020, 1990-2020 ('000)
- Table: Slovenia's Population By Age Group, 1990-2020 (% of total)
- Table: Slovenia's Key Population Ratios, 1990-2020
- Table: Slovenia's Rural And Urban Population, 1990-2020
- Industry Forecast Methodology
- Risk Reward Rating Methodology
- Table: It Risk Reward Rating Indicators
- Table: Weighting Of Components
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