Contact
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
Key regions: United States, China, India, Japan, Germany
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Apr 2024
Source: Statista Market Insights
in trillion USD (US$)
Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.
Most recent update: Apr 2024
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Apr 2024
Source: Statista Market Insights
in percent
Most recent update: Dec 2024
Source: Statista Market Insights
The IT Services market in Czechia has been experiencing steady growth over the past few years.
Customer preferences: Czech companies are increasingly seeking IT services that can help them streamline their operations, reduce costs, and improve their overall efficiency. The demand for cloud-based solutions has been on the rise, as companies look to move away from traditional on-premise IT infrastructure. Additionally, there has been a growing interest in outsourcing IT services to third-party providers, as this allows companies to focus on their core competencies while leaving IT management to experts.
Trends in the market: One of the key trends in the Czech IT Services market has been the increasing adoption of artificial intelligence (AI) and machine learning (ML) technologies. Companies are using these technologies to improve their decision-making processes, automate routine tasks, and enhance their customer service offerings. Another trend has been the growing importance of cybersecurity, as companies seek to protect their data from cyber threats. This has led to an increased demand for IT security services, including threat detection and response, vulnerability assessments, and security consulting.
Local special circumstances: The Czech IT Services market is relatively small compared to other European countries, but it is growing rapidly. One of the factors driving this growth is the country's highly skilled workforce, which includes a large number of IT professionals. Additionally, the Czech Republic has a favorable business environment, with low taxes and a relatively low cost of living. This has made it an attractive destination for foreign companies looking to establish a presence in Central Europe.
Underlying macroeconomic factors: The Czech economy has been performing well in recent years, with GDP growth averaging around 2.5% per year. This has been driven by strong domestic demand, particularly in the services sector. The country has also benefited from a relatively stable political environment and a favorable business climate. However, there are challenges ahead, including an aging population and a shortage of skilled workers in some sectors. These factors could impact the long-term growth prospects of the IT Services market in Czechia.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Apr 2024
Sources: Statista Market Insights , Financial Statements of Key Players , National statistical offices
Data coverage:
The data encompasses B2G, B2B, and B2C enterprises. Figures are based on enterprises' technology spending on products, consulting, and outsourcing services.Modeling approach / Market size:
Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players in the industry, Statista's primary research and surveys, and IT associations. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, internet users, and telecommunication. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing method is used based on the market data characteristics. The main drivers are the GDP and its sector composition, internet penetration, the level of digitization, and the attitude toward IT security.Additional notes:
The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.The following Key Market Indicators give an overview of the social and economic outlook of the selected region and provide additional insights into relevant market-specific developments. These indicators, together with data from statistical offices, trade associations and companies serve as the foundation for the Statista market models.
Source:
Explore new markets and gain valuable insights into various topics with our Market Insights search function.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)