PRLog (Press Release)– Jul 28, 2011– Slovenian IT spending is forecast to report a steady expansion in 2011 as the market recovers from the impact of the economic crisis. Slovenian IT spending is projected by BMI to increase from US$1.0bn in 2011 to over US$1.2bn in 2015. Rising GDP per capita over the next few years should ensure continued growth, along with government and EU-funded ICT initiatives.
In 2011, IT spending remains affected by Slovenia's sluggish economic recovery, and fiscal austerity domestically and in the eurozone will continue to weigh on demand. The recovery is expected to gather pace in H211 as the economy improves but risks remain to the downside, with deleveraging still an underlying economic factor. Vendors will look to public sector opportunities in areas such as eHealth and eGovernment.
The fundamentals of rising incomes in a context of below-EU average PC penetration mean this small IT market should advance at a compound annual growth rate (CAGR) of 4% over the 2011-2015 forecast period. However, IT spending growth is dependent on business and consumer confidence in a sustained economic recovery.
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Industry Developments
In February 2011, the Slovenian government launched a proposal to upgrade the country's health system by 2020. The computerisation of health services is seen as a key component of the plan, helping to provide healthcare workers with electronic access to patient records. The e-health initiative is also expected to boost efficiency, with the Slovenian government estimating that it could save EUR5mn a year on e-prescriptions alone.
Meanwhile, in 2010, the Slovenian Tax Administration of the Ministry of Finance launched a longawaited overhaul of the 20-year-old tax administration system. The EUR21.5mn project to build the new system is aimed at boosting control of tax collection by modernising tax procedures and improving transparency.
Slovenia is determined to consolidate its status as one of the most advanced of the 2004 EU accession states. EU funding for its Competitiveness and Innovations programme for 2007-2013 period includes subs remote control helicopter tantial sums to support ICT policies. There are also additional sums for entrepreneurship and innovation, which can have IT applications.
Competitive Landscape
The development of the tablet market has lagged behind many other countries, with the distributor of Apple products in Slovenia announcing that sales of the iPad would start by the end of January 2011. Prices are relatively high, with the Wi-Fi models costing EUR499-699 for a 64GB model, while 3G models cost up to EUR799.
In 2010, a Tax and Revenue Management for Public sector package from German software leader SAP was selected by Slovenia's Ministry of Finance for a project to provide its citizens with online tax services. The project underlined SAP's success in the tax administration field in Europe, where seven EU member states have now chosen SAP software to help improve tax administration. This project a best rc helicopter buy sell market place lso continued a good run in the public sector for IBM, which won the tender to implement the new system.
Meanwhile, in Q111, regional IT leader S&T reported that Slovenia was one of three CEE markets where its revenues declined, as the effects of the economic situation continued to be felt. Overall revenues were down 9% year-on-year in the first quarter of the year. In 2010, S&T launched a new verticalisation strategy designed to help the company return to profitability.
Computer Sales
Slovenian sales of computer hardware (including desktops, notebooks and accessories) are projected at US$517mn in 2011, with modest single-digit growth compared with the previous year. In H210, the PC market slipped back into negative shipments growth, with the main factor behind the negative trend being continued business caution in the corporate and small and medium-sized enterprise (SME) segments.
In 2011, migrations to Microsoft's Windows 7 operating system still have the potential to help trigger a cycle of hardware upgrades, although much will depend on business and consumer confidence. There could also be a boost from previously delayed purchases as a result of the economic situation, although, due to the impact of fiscal austerity programmes, most growth is likely to be in the second half of the year.
Software
The software market in Slovenia is projected at US$215mn in 2011, with a return to single-digit growth following stagnation in 2010. The economic crisis led some companies to review IT budgets or look to defer systems updates, and margins pressure encouraged them to focus on reducing costs. However, solid market growth is expected through to 2015, with software revenues growing faster than hardware at a CAGR of 6%.
Slovenia is a relatively mature software market for the region and the relative saturation (79%) of the large enterprise market in terms of basic enterprise resource planning (ERP) applications should encourage vendors to look to other products to maintain growth, or else focus more on vertical specialisms. Although large and very large enterprises still account for about half of the spending on enterprise application solutions (EAS) in Slovenia, more than 64% of new installations are reported to come from SMEs.
IT Services
The Slovenian IT services market is projected to grow to US$292mn in 2011 with a return to single-digit growth as the economic situation improves. The market is expected to pick up from the second half of 2011 and a 6% 2011-2015 CAGR is forecast, with support and maintenance accounting for more than 25% of revenues.
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