Albany, NY -- (SBWIRE) -- 07/27/2015 -- The current state of the IT market in Czech Republic and its single digit growth rate is attributed to the adoption of cloud computing technologies by enterprises. Enterprises are gradually shifting from the CAPEX to the OPEX model to curb high capital costs associated with purchase and installation of hardware, which has affected the IT hardware market in Czech Republic. Also, the country does not exhibit very high IT activity in terms of IT projects.

In addition, incentives for investing in sectors such as manufacturing, information technology, software, and R&D are likely to improve several key markets in Czech Republic. The incentives include tax rebates, tax breaks, employment grants, and 10-year tax relief schemes.

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Technavio's analysts forecast the IT market in Czech Republic to grow at a CAGR of 4.40% over the period 2014-2019.

Covered in this Report
The IT market in Czech Republic is categorised into hardware, software, and services.

Technavio's report, IT Market in Czech Republic 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the market landscape of the IT Market in Czech Republic and its growth prospects in the coming years. The report also includes a discussion on the key vendors operating in this market.

Key Vendors
Accenture
Dell
Hewlett Packard
IBM

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Other Prominent Vendors
Asus
CA Technologies
Intel
Lenovo
Logitech
Microsoft
Ness Technologies
Oracle
Red Hat
SAP
Tieto
T-systems

Market Driver
Strategic Location
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Market Challenge
Acquisition and Retention of Talent Pool
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Market Trend
Increased Adoption of Big Data
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Key Questions Answered in this Report
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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