The global IT software and services market is projected to witness steady growth in the next five years. It is forecasted that the global IT software and service market will witness a CAGR of 5.2% through 2020. North America, Europe, and Asia Pacific are the key regions for the global IT software and services market.
Poland Economy has Shown Steady Growth in spite of the Eurozone Crisis
Although many European nations have been impacted by the Eurozone crisis, the economy of Poland has shown remarkable resilience. Poland’s GDP was worth US$ 525.9 Bn in 2013 and its economy grew by 3.2% in 2014. It is forecasted that the Poland economy will continue to grow at a rate of over 3% in 2015 as well.
Positive Outlook on Poland IT Software and Service Market
Poland IT software and service market is anticipated to expand at a CAGR of 5.9% through 2020. The Poland IT software and service market is broadly segmented into software and service. With a market share of over 50%, the service market segment dominates the software market segment, but it is projected that the former will lose its dominance to the latter by 2020.
Poland IT software market can be segmented into infrastructure, application, and other software. Among these segments, the infrastructure segment was the most dominant in 2013 and had a market share of over 45%. It is projected that the infrastructure segment will witness a healthy CAGR during the forecast period. On the other hand, the application segment is projected to witness the highest growth among the other segments.
On the basis of services, the Poland IT software and service market can be segmented into outsourcing, implementation, and consulting. The outsourcing segment is currently the most dominant, and it is anticipated that it will witness a high CAGR through 2020.
The key verticals of the Poland IT software and service market include:
Among these key verticals, telecommunication, manufacturing, media & entertainment, and BFSI sectors accounted for over 60% of the market. It is anticipated that the public sector will witness a CAGR of over 6% through 2020.
Key Trends in Poland IT Software and Service Market
Poland IT software and service market will be fuelled by the adoption of technological platforms, including e-commerce, business intelligence, mobile banking solutions, and enterprise resource planning (ERP) by BFSI and media and entertainment segments. The key trends in Poland IT software and service market include change in consumer buying pattern and product innovation through mergers & acquisitions (M&A).
Key Players in the Poland IT Software and Service Market
The key players in Poland IT software and service market are Comarch SA, Asseco Group, Microsoft Corporation, IBM Corporation, Hewlett-Packard Company, SAP SE, Oracle Corporation, Software mind SA, and Luxoft Holding, Inc.
Browse full Report of global IT software and services market: http://www.futuremarketinsights.com/reports/details/poland-it-software-and-service-market
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