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Ukrainian IT market up nearly 30% to EUR 1 bln in 2010
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23 June 2011
The Ukrainian IT market increased by 29.6 percent (35% in local currency) to over EUR 1 billion in 2010. IT products and services sales bounced back in the period. The growth was mainly driven by hardware sales, specifically by purchases of the notebooks, which increased in value by more than two thirds year-on-year. IT services and the sales of software licenses also showed a double digit growth, according to a research by PMR. Overall, since 2008, when the market reached its maximum, IT spending in Ukraine dropped by 40 percent. The economic crisis in the country impacted both private consumers and companies which reduced IT budgets. One of the key features of the Ukrainian IT market is its very strong hardware orientation. In 2010, hardware sales accounted for nearly 80 percent of the total sales on the Ukrainian IT market, followed by IT services (12.7%) and software (7.5%). In 2010, computer penetration reached 21 percent of the country's population. In the 2011-2012 period, the Ukrainian IT market is expected to maintain its dynamic growth. The Euro 2012 soccer cup, industrial cooperation projects with Russia and also the recovery of banking financing are expected to drive economic recovery and, as a result, demand for IT
Source: TelekomPaper
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