Albanian IT market reached $89.34 mln in 2007

Albania’s IT market reached 89.34 mln USD in 2007, representing 28.3% year-on-year growth. In local currency, the market expanded 16.3% YOY. Combined revenue from shipments of PCs, servers, storage devices, and hardcopy peripherals amounted to about 80% of the market in 2007. Nevertheless, IT services was the fastest expanding IT market segment in 2007, recording 49.3% YOY growth. IDC expects the Albanian IT market to expand at an annual average of 16.7% over the next five years to reach 193.4 mln USD in 2012, acording to IDC.