IT Services - Czechia

  • Czechia
  • The IT Services market in Czechia is poised to witness substantial growth in the coming years.
  • According to projections, the revenue in this market is expected to reach US$6.47bn in 2025.
  • Among the various segments within the market, IT Outsourcing is projected to dominate with a market volume of US$2.52bn in the same year.
  • This indicates the significant role played by IT outsourcing services in Czechia's IT Services market industry.
  • Furthermore, the market is anticipated to exhibit a steady annual growth rate, with a CAGR of 5.88% from 2025 to 2029.
  • This growth trajectory suggests that the market volume will expand to US$8.13bn by 2029.
  • This demonstrates the resilience and potential of Czechia's IT Services market sector.
  • When it comes to the average Spend per Employee in the IT Services market, it is projected to reach US$1,203.00 in 2025.
  • This metric provides insights into the level of investment and expenditure within the industry, highlighting the value placed on IT services in Czechia.
  • In terms of global comparison, United States is expected to generate the highest revenue in the IT Services market, reaching a staggering US$550.30bn in 2025.
  • This showcases the dominance of the US market and its significance on a global scale.
  • Overall, Czechia's IT Services market is poised for growth, with IT Outsourcing leading the way.
  • The projected revenue, annual growth rate, and average Spend per Employee all point towards a thriving industry in Czechia.
  • As the market continues to evolve and expand, it will be interesting to observe the developments and opportunities that arise in this dynamic sector.
  • Czechia's IT Services market is experiencing a surge in demand for software development and outsourcing services, driving growth in the sector.

Key regions: United States, China, India, Japan, Germany

Market
Region
Region comparison
Currency

Revenue

Please wait

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$)

Please wait

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

Please wait

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Apr 2024

Source: Statista Market Insights

Technology

Access more Market Insights on technology topics with our featured report

This report presents a comprehensive analysis and additional information on the IT Services market, in a PDF format.
IT Services: market data & analysis - Background IT Services: market data & analysis - Cover

Key Players

in percent

2023
Please wait

Most recent update: Dec 2024

Source: Statista Market Insights

Analyst Opinion

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.

Global Comparison

Please wait

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

Methodology

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.

Key Market Indicators

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.

Please wait

Source: Please wait

Explore more high-quality data on related topic

Discover additional markets

Explore new markets and gain valuable insights into various topics with our Market Insights search function.

Contact

Get in touch with us. We are happy to help.
Statista Locations
Contact Meredith Alda
Meredith Alda
Sales Manager– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

Contact Yolanda Mega
Yolanda Mega
Operations Manager– Contact (Asia)

Mon - Fri, 9am - 5pm (SGT)

Contact Ayana Mizuno
Ayana Mizuno
Junior Business Development Manager– Contact (Asia)

Mon - Fri, 10:00am - 6:00pm (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

Contact Carolina Dulin
Carolina Dulin
Group Director - LATAM– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)