In a recent published report, Kenneth Research has updated the market report for IT Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for IT Market products.
According to a report by the World Health Organization (WHO), the total health spending is growing with an annual average rate of 6% in the low- and middle-income nations, and close to 4% in the high-income countries. Further, in the year 2016, the expenditure made on health reached close to 10% of the GDP of the world and crossed a value of USD 7 trillion.
In the last decade, Poland has become an important producer of ICT solutions, partly due to globalization of the ICT market and outsourcing of production to Asia, Mexico and Central Europe, as well as Eastern Europe. The inflow of foreign investments, European Union (EU) funds availability and new trends such as mobile applications and cloud computing are the major drivers of the ICT market. Administration, banking, financial services & insurance (BFSI) and telecommunications are major verticals which spend a lot on ICT solutions. The major companies in Poland, which provide IT services include HP Polska, ABC Data, and Flextronics International Poland.
The report provides an in-depth analysis of the IT market scenario with Industry Verticals, 30 Outsourcing companies (along with their key decisions makers IT speeding, IT initiatives and IT Vendors), Top-10 Key IT Service Providers, drivers, restraints as well as growth opportunities and best practices in the market. It also contains analysis and forecasted revenues, competitive landscape, company profiles and industry trends.
In the early 1990s, after the end of decades of old communist rule and recession, the Poland economy started transforming and started to move towards privatization. Today, Poland’s economy is one of the fastest growing economy in the CEE region. The country’s economy boosted after it became the part of the European Union (EU) in 2004. The country is developing with the support from EU funds and government. Within a few years, after becoming the part of the EU, the country’s living standard has increased and development too. Today, the country visualizes itself to be fully digitalized by the end of this decade, i.e., till 2020 as it has received the highest EU funding. The country has become the preferred choice for outsourcing business due to its closeness to the big five European countries and similar time zones. Extremely talented workforce, low costs, and sound political and economic conditions are supporting factors for this growth. The country has a huge potential in the biotechnology and R&D sectors. In the coming years, it is assumed that the country will be fully digitalized with its current e-governance initiatives and will be the most preferred destination for research, IT, tourism and medical services.
Table of Contents
1 Poland Overview
1.2 Pest Analysis
2 Report Outline
2.1 Report Scope
2.2 Report Summary
2.3 Research Methodology
2.4 Report Assumptions
3 Key Initiatives & Investments
3.1 Government Initiatives & Regulations
3.2 Major Deals and Partnerships
3.2.1 Major Deals in 2014
4 ICT Market Scenario
4.1 Poland Market Evolution
4.2 Key market characteristics
18.104.22.168 Growing Economy
22.214.171.124 Fair Foreign Trade Policy
126.96.36.199 Support from European Union Structural Funds
188.8.131.52 Growing IT Sector
184.108.40.206 Poor Infrastructure
220.127.116.11 Week Communication Network
18.104.22.168 Need for Investor Friendly Laws
22.214.171.124 In Research and Development
126.96.36.199 Cloud Services
4.2.4 DRO Impact Analysis
5 IT Spending and Forecast
5.1 IT Spending
5.1.1 Global IT Spending
5.1.2 CEE and CIS IT Spending
5.1.3 Poland IT spending
5.2 Poland IT market
188.8.131.52 Market Size & Analysis
5.2.2 IT Services
184.108.40.206 Market Size & Analysis
220.127.116.11 Market Size & Analysis
6 Poland Macro & Micro Analysis
6.1 Macro Analysis
6.2 Micro Analysis
6.2.1 Poland IT Outsourcing Market Players Analysis
7 Verticals: Market Size & Analysis
7.2 Banking, Finance, Services and Insurance (BFSI)
7.3 Aerospace & Defense
18.104.22.168 Transport Infrastructure
22.214.171.124 ICT Infrastructure
7.8 Freight Transportation
8 30 IT Outsourcing Companies
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