central and eastern europe's country profile: czech
DESCRIPTION
Country profile of the Czech Republic plus Czech ICT / ITO markets profilesTRANSCRIPT
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Central and Eastern Europe’s Country Profile:
Czech Republic
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Area: 78,866 km2Population (est. 2009): 10.212 millionHuman Development Index (est. 2007): 0.903GDP/capita (est. 2009): 18,208€GDP growth rate (est. 2009): -0,09%IT Outsourcing market value (est. 2009) – 220€
million
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* Based on the 2009 Legatum Institute estimation
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Factors Rank of 104 (where 1 is excellent and 104 is very poor)
Economic Fundamentals 20
Entrepreneurship and Innovation
27
Democratic Institution 25
Education 31
Health 16
Safety and Security 29
Governance 28
Personal Freedom 23
Social Capital 74
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Technology (ICT) Market Trends
Although the Czech ICT market represents barely 1% of the
total EU market, it is still one of the third largest in Central and Eastern Europe.
The Czech ICT channel is characterized by a strong presence of resellers (41%) and service companies (33%).
The biggest area of concentration of ICT channel players remains the capital region with almost 1/3 of the total channel population. The South Eastern part of the country is in a development phase, as more ICT companies are making their appearance in the area.
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ITO opportunities exist in integrated security solutions, advanced communication systems, financial systems, healthcare, mobile applications and mobile content platform development as well as new digital technologies, mobile applications and e-commerce solutions.
As of 2009, the country’s software market reached EUR 618 million and IT services market – nearly EUR 1,2 billion.
Both IT salaries and operating costs are rather high in the Czech Republic, which makes it a less favorable outsourcing location compared to its slower developing neighbors such as Ukraine or Bulgaria.
THANK YOU
by:IT Sourcing Europe Limited 2010
www.itsourcing-europe.comInfo(at)itsourcing-europe.com