Growing Economy, Followed by Support from European Union Structural Funds Coupled with Fair Foreign Trade Policy to Drive IT Market Scenario for Poland over the Forecast Period: Ken Research

Poland’s economy is expected to be a fastest growing economy in the Central and Eastern European (CEE) region. The country’s economy has increased considerably as it became the division of the European Union (EU). The living standard of country has increased with the substantial development for the urbanization. Nowadays Poland has standardized itself to be totally digitalized as it has received the largest EU funding accommodating the talented workforce, sound political & economic conditions and low costs are the key factors led to such a growth. The country also has a vast potential in the biotechnology and research & development sectors.

IT sector is majorly responsible for the development of a secure & safe cyber environment, maintaining uniform information flow, and building positive financial conditions over a long period. It sector of the country is separated into three closely connected segments software, hardware, and IT services.

According to study, “IT Market Scenario for Poland, By (Verticals, 30 Outsourcing Companies, and Top 10 Key IT Service Providers) – Trends & Forecast: 2015-2020” some of the key companies currently operating in the IT market scenario for Poland are  PKO Bank Polski, Bank Pekao SA, Infosys, Gemalto, Citi Handlowy, Aviva, Merck, Toyota Motor Manufacturing Poland, ING Bank Slaski, Volvo Group, mBank, General Motors, Volkswagen Group, Amica, Samsung, Ericsson, T-Mobile, Cyfrowy Polsat SA, Netia, SA, ETC-PZL Aerospace Industries Sp. z o.o, Gardner Aerospace, Biedronka, Auchan, GE, EADS PZL, Nestle, Open Text Corporation, UPC Systems, HP, Key IT Service Providers, Comarch, PGS Software, NTT System, S.A., ABC Data, S.A., Tech Data, Asseco, Mobica, Talex, Flextronics International.

The Poland’s IT sector is primarily driven by the growing economy, followed by support from European Union structural funds, fair foreign trade policy, state budget compensation, the rapid development with the substantial market opportunity followed by the developed domestic demand. Apart from the advantages, some of the major hindering factors include poor infrastructure, need for investor friendly laws and week communication network. Additionally, the new opportunities include ecommerce, cloud services and in research & development etc. Moreover, some of the technology trends are secure cloud-based payment system in the BFSI sector, smart factories in manufacturing sector, cloud-based data management solution in aerospace & defense sector, agriculture information systems or smart climate control applications in agriculture sector and cashless payment in retail sector.

The Poland market is expected to remain growing becoming the favorite outsourcing destination over the globe, owing to the talented low-cost workforce & similar time zone. The government visualized the country to be totally digitalized in upcoming years, with its current e-governance initiatives & will to be the most favorite destination for tourism, IT, research, and medical services. In addition, demand of secure cloud & big data solutions from the various industry verticals are expected to sustain revolutionized growth of the market.

Poland IT market is anticipated to reach US $13.3 billion by the end of 2020, primarily driven by industry verticals like BFSI, manufacturing sector, telecom, and IT outsourcing market. The IT service sector is expected to be foremost with the overall IT development followed by the IT hardware market. It is projected that the market to be rapid and the fast growing owing to have considerable presence of global IT companies such as Microsoft, IBM, HP and Google.

For more information, click on the link below:

IT Market Scenario for Poland

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