The need to develop improved business delivery systems and cost-effective models is leading to the increased demand for IT services, which is driving the growth of the segment.īFSI companies in the Czech Republic are undertaking digital transformation initiatives, which is creating a high demand for IT services in the country. The segment includes consulting services, learning and training, development and integration, hardware maintenance and support, IT management, process management, and software support. The services segment will have the largest share of the market. The IT market in Czech Republic is segmented as below: IT market in Czech Republic 2022-2026: Segmentation Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. However, the shortage of skilled IT professionals might hamper the market growth.
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