Market Research Reports Search Engine (MRRSE) has recently added a research report on the Poland IT software and service market. The report estimates the market to rise at a CAGR of 5.90% over the period from 2014 to 2020 and reach a market value of US$6,245.8 mn by the end of the forecast period. The report, titled “IT Software and Service Market: Poland Industry Analysis and Opportunity Assessment 2014 - 2020”, is published by Transparency Market Research (TMR), a market intelligence and research firm.
According to the report, the IT software and service market in Poland has reached a valuation of US$4,104.3 mn in 2013. The frequently-changing procurement patterns of consumers, rise in the uptake of technology, and introduction of new products in the market are driving the Poland IT software and service market. Furthermore, the development of cloud computing, coupled with digital transformation and enterprise mobility, is likely to stimulate the IT software and service market in Poland during the report’s forecast period.
Software and services are the two main components of the IT software and service market in Poland. In 2013, the IT service market led the market for IT software and service in Poland with a over 50% of the market in terms of revenue. However, the IT service market is likely to lose ground to the IT software market by the end of the forecast period.
Outsourcing, consulting, and implementation are the key segments of the IT service market in Poland. The outsourcing market is expected to account for more than 40% of overall IT service industry by the end of the forecast period, states the report.
As per the report, banking, financial service and insurance (BFSI), medical and healthcare, telecom, media and entertainment, retail, manufacturing, utility, energy wholesale and distribution, transportation, and public sector are the major end users of IT software and service in Poland.
In 2013, BFSI, media and entertainment, telecommunication, and manufacturing industries, collectively held the majority share of the overall market for IT software and service in Poland. Further, the report estimates the public sector to emerge as a major consumer at a CAGR of 6.0% over the forecast period.
The report also profiles the major participants in the Poland IT software and service market. Some of the major players mentioned in this report are Microsoft Corp., SAP SE, Oracle Corp., IBM Corp., Comarch SA, Asseco group, Luxoft Holding Inc., Software mind SA, Hewlett-Packard, and OEX business Services.