IT Consulting & Implementation - Croatia

Croatia

Revenue in the IT Consulting & Implementation market is projected to reach US$39.59m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.02%, resulting in a market volume of US$50.57m by 2029.
The average Spend per Employee in the IT Consulting & Implementation market is projected to reach US$22.89 in 2024.
In global comparison, most revenue will be generated in the United States (US$27,220.00m in 2024).

Key regions: Brazil, Netherlands, Spain, Italy, Japan

Market

Region

Region comparison

Currency

Analyst Opinion

The IT Consulting & Implementation market in Croatia has been steadily growing in recent years.

Customer preferences: Croatian businesses have been increasingly turning to IT consulting and implementation services in order to improve their operations and stay competitive in the market. With the rise of digitalization, businesses are seeking out experts to help them navigate the complex world of technology and optimize their processes.

Trends in the market: One trend that has emerged in the Croatian market is the increasing demand for cloud-based solutions. Many businesses are looking to migrate their operations to the cloud in order to reduce costs and improve flexibility. Additionally, there has been a growing interest in cybersecurity services as businesses seek to protect themselves from cyber threats.

Local special circumstances: Croatia's location in the heart of Europe has made it an attractive destination for foreign investors looking to expand their operations. This has led to an influx of foreign companies into the market, which has in turn driven demand for IT consulting and implementation services. Additionally, Croatia's membership in the European Union has made it easier for businesses to access funding and resources for digital transformation initiatives.

Underlying macroeconomic factors: Croatia's economy has been steadily improving in recent years, with GDP growth averaging around 2.5% annually. This growth has been supported by a number of factors, including increased investment in infrastructure and a growing tourism industry. As the economy continues to improve, businesses are becoming more willing to invest in IT consulting and implementation services in order to stay competitive.

Methodology

Data coverage:

The data encompasses B2G, B2B, and B2C enterprises. Figures are based on enterprises' technology spending on products, consulting, and outsourcing services.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players in the industry, Statista's primary research and surveys, and IT associations. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, internet users, and telecommunication. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing method is used based on the market data characteristics. The main drivers are the GDP and its sector composition, internet penetration, the level of digitization, and the attitude toward IT security.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.