Czech IT services spending up 15.3% in 2005

IT services spending in the Czech Republic jumped 15.3% in 2005 to reach nearly $1.15 bln. In local currency terms, the market grew a more modest but still respectable 7.5% due to the appreciation of the Czech koruna. Hardware installation and support remained the single largest services segment in the Czech market in 2005. Systems integration ranked a close second and software support and installation was third. Together these three areas represented more than 42% of spending. According to IDC, the market is nevertheless shifting towards application-centric services.