Czech IT Market

2020: European technology companies attracting the most investments in 5 years

The European technology companies that attracted the most investments from 2015 to 2 February 2020

2018: Major IT Companies

Data for 2018

2012: Forecast for 2012-2013 years

According to the research company Pierre Audoin Consultants (PAC) (May 2012), the Czech IT services market is seriously behind the European one: if in the Czech Republic the cost of software and IT per capita is 164 euros, then on average in Western Europe - 534 euros.

PAC analysts also note that recently the activity of the Czech public sector in terms of IT spending has also been not high enough due to difficulties with a number of projects, as well as insufficient funding from the European Union.

According to the PAC, the market will behave in this way until the end of 2012. In general, experts expect strong pressure on the system integration market and individual developments due to constantly declining demand.

According to Madalin Dobre, a leading consultant to PAC in Eastern Europe, only small projects currently retain relative activity in the Czech market. This directly depends on the fact that IT budgets have been reduced.

The second negative factor is that decisions to start projects are less and less often made at the local level, he says. At the same time, the outsourcing segment is developing quite positively, and precisely due to regional contracts, the PAC notes.

Among Russian companies, not many are seen in activity in the Czech IT market: for example, Yandex and Sitronics.

As TAdviser was told in the press service of Yandex, in November last year the search engine agreed to cooperate with the largest information and search portal in the Czech Republic - Seznam, on which a video search developed by Yandex was launched. Now in the Czech Republic, Yandex has several assessors who actively interact with the Seznam team.

As one of the features of the local market, Yandex noted the fact that in the Czech Republic, as in Russia, the "domestic" search engine, Seznam, is leading in the search market, and "search on the Internet is a high-tech industry, and countries in which their own search engines are successfully developing can be counted on the fingers," the company believes.