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Growing IT market in Croatia Growing IT market in Croatia

Croatia’s IT market doubles over last five years

Written by  Oct 01, 2016

Until a few years ago Croatia was perceived only as part of the global information technology (IT) market, but now it is a well known fact that country has also had an IT production. According to data from the Croatian Bureau of Statistics there are around 12,600 employees in the IT industry in Croatia or one percent of the total number of employed people in the country.

Croatia's software export has doubled in the last five years. Only in 2015 this export jumped in figures to 501 million Kunas. If this growth trend continues, the country's software export will rise to half a billion Euros in 2017, whilst for 2020 is expected to exceed one billion Euros. Furthermore, the world's IT giants have started to enter into the Croatian market such as the Indian company Infosys which opened its branch office in Karlovac and IBM which announced the opening of the Client Innovation Centre in Zagreb and the future employment of 500 people in 2017. So far these companies are not planning to open software production or IT research and development in the IT sector in Croatia but direct their investments towards sales support and potential users.

''A significant increase in consumption on the domestic IT market in 2015 is mostly the result of increased sales of smartphones and a growth in value of the server market primarily due to the arrival of the supercomputer Bura in Rijeka and to a lesser extent thanks to the growth in the delivery of IT services and software applications'', said Ana Papez, the regional director of the research consultancy IDC for the region of Southeast Europe.

She also added that an increase in value of rendered services, expansion of the capacity in the segment of data centres, digitalisation of business, the growing use of mobile applications and "big data" analytics as well as broader use of advanced technology such as the Internet of Things (IoT) would represent a point of further maturation of the Croatian IT market in the future.