London, 09 October 2014: TechNavio, the independent tech-focused global research firm, has published a report on the IT Market in Benelux 2014-2018, which is expected to grow at a CAGR of 3.20 percent during the forecast period 2013-2018.
The IT sector is popular among foreign investors in Benelux, with many global companies establishing their branch offices here. Benelux has a strategic advantage because of its geographical location, the region’s growing multi-lingual and technically qualified human resources, and its well-developed infrastructure. Thus, it is being considered as an attractive destination by local and multinational IT companies.
“Many organizations feel that it would be better to have a maintenance-free IT system where money is only spent on new business functionalities rather than on IT systems,” says Faisal Ghaus, Vice President of TechNavio.
“With the adoption of modern service architecture and business process management, the ratio between money spent on maintenance and money spent on new business functions will improve dramatically.”
Key Market Drivers
- Increase in Inflow of FDI in IT Market
- Emergence of BYOD Programs
- Growth of Cloud Computing Solutions
- Increased Adoption of Virtualization
Key Market Trends
- Growing Number of SMEs
- Adoption of Modern Service Architecture
- Popularity of Analytics and BI Solutions
Key Market Vendors
- Dell Inc.
- Hewlett-Packard Co. (HP)
- IBM Corp.
- Microsoft Corp.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
