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Bulgaria Information Technology Report 2016

  • May 2016
  • -
  • Business Monitor International
  • -
  • 63 pages

Includes 3 FREE quarterly updates

BMI View: The Bulgarian IT market has considerable growth potential as it is one of the least developed inEurope in terms of device and solution penetration rates in the retail and enterprise markets, which offersvendors scope for strong growth as it converges towards the European average. In the enterprise segment,penetration of enterprise software is significantly below the regional average - an opportunity that could betapped as lower-cost cloud solutions become more widely available. The outlook is however mixed, witheconomic uncertainty weighing on confidence levels and spending. Our Country Risk team for Bulgariaforecasts improved economic performance over 2016-2019, but it should be noted that a weak householdincome growth profile and declining population are expected to see the Bulgarian IT market continue tounderperform its potential, and peers, over the medium term.

Latest Updates & Industry Developments

- Hardware Sales: BGN708mn in 2016 to BGN757mn in 2019, a compound annual growth rate (CAGR)of 3.3%. Demand was hit by lev depreciation in 2015, but we expect spending to recover over 2016-2019,with underlying demand growth from low penetration rate and rising incomes boosted by deferredpurchases from 2015.

- Software Sales: BGN184mn in 2016 to BGN213mn in 2019, a CAGR of 6.6%. Low penetration ofenterprise software solutions by large enterprises and small- and medium-sized enterprises offers growthpotential over the medium term.

- Services Sales: BGN237mn in 2016 to BGN277mn in 2019, a CAGR of 7.4%. The IT services segmentis expected to outperform as software development expands rapidly, while cloud computing adoption willalso boost spending growth.

Table Of Contents

Bulgaria Information Technology Report 2016
BMI Industry View 5
SWOT 7
SWOT 7
Industry Forecast 9
Latest Updates 9
Structural Trends 9
Table: IT Industry - Historical Data And Forecasts (Bulgaria 2012-2019) 14
Industry Risk Reward Index 15
Industry Risk/Reward Index 15
Table: Europe IT Risk/Reward Index, Q1 2016 17
Market Overview 18
Hardware 18
Software 25
Cloud Computing 32
Services 36
Industry Trends And Developments 42
Table: Top 10 Software Development Vendors, 2014 42
Table: Distributors For Leading Brands 46
Regulatory Development 47
Table: Regulatory Authorities 47
Regional Overview 51
Europe 51
Demographic Forecast 54
Demographic Outlook 54
Table: Population Headline Indicators (Bulgaria 1990-2025) 55
Table: Key Population Ratios (Bulgaria 1990-2025) 55
Table: Urban/Rural Population and Life Expectancy (Bulgaria 1990-2025) 56
Table: Population By Age Group (Bulgaria 1990-2025) 56
Table: Population By Age Group % (Bulgaria 1990-2025) 57
Methodology 59
Industry Forecast Methodology 59
Sources 61
Risk/Reward Index Methodology 61
Table: IT Risk/Reward Index Indicators 62
Table: Weighting Of Components 63

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