IT investments in CEE to double by 2009

Buoyant economies and open borders have been driving IT investments in central and eastern Europe, according to a report published by IDC, one of the largest companies dealing with research on the information and communicatiosn technology market.

IDC projections suggest that in 2009 spending on IT products in the region will exceed USD 40.5 bln, nearly double the USD 20.4 bln recorded in 2004.

The situation in the market will strengthen thanks to a favourable GDP position, growing demand from the small and medium enterprises, and tyhe increasing number of computers and software available from large stores and supertmarkets.

Thanks to the expansion of infrastrcture and various initiatives connected with computerisation, the government sector is becoming the largest segment investing in hardware, software and IT services.

Households make up the second largest segment.

Although the process manufacturing sector occupied the third position in the years 2004-2005, the rapid development of the banking induastry and profits it generates should conmtribute to a change in these two sectors’ positions by the end of 2006.

Personal computer sales have the largest share in the total revenues of the IT sector. This is the segment which will be expanding the fastest until 2009.

(source: Polish Voice)