IT Market in the Nordic Region 2014-2018: Key Vendors are Accenture, Capgemini, HP and IBM

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Dec 18, 2014, 12:34 ET

DUBLIN, Dec. 18, 2014 /PRNewswire/ --Research and Markets

(http://www.researchandmarkets.com/research/hlbfjf/it_market_in_the) has announced the addition of the "IT Market in the Nordic Region 2014-2018" report to their offering.

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IT can be defined as an integrated platform comprising hardware, software, and IT services that helps organizations store, safeguard, process, transmit, and retrieve information. The IT department of an organization is responsible for all IT-related services, software, and solutions that integrate and streamline various processes to facilitate the smooth functioning of the organization's information. This helps organizations align business processes with various technologies and improve the overall efficiency.

The analysts forecast the IT market in Nordic Region to grow at a CAGR of 2.58 percent over the period 2013-2018.

The IT market in Nordic Region is segmented into three parts- IT Services, Hardware, and Software. The IT market in Nordic Region is also segmented on the basis of services which include IT outsourcing services, project-based services, and support and deploy services.

The report, the IT market in Nordic Region 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers in detail the key leading vendors in the market and a quick understanding of other prominent vendors operating in this market. It also gives insight into the market forecast in key regions and identifies leading countries for the market.

Cloud computing, analytics, mobility, and data centers are some of the major IT service practices that have exhibited huge growth potential in the Nordic Region. Cloud computing allows access to a company's network and resources through a third-party provider. It involves minimal upfront investment and charges the client on a pay-per-use basis. As a result of the growth in awareness among customers about its underlying benefits, IT service providers have started to enhance their cloud computing and mobility services.

According to the report, increase in government support is one of the key factors driving the market. Governments in the Nordic region are increasingly focused on creating a talented workforce through extensive training, have started to provide policy incentives, establish high-tech zones, and allot more capital for development activities. A highly talented workforce could develop cutting-edge technologies, which would benefit startups immensely in the near future.

Further, the report states that a weak fiscal environment has led to decreased consumer spending. Though the global economic condition has shown signs of improvement, recent developments in Europe coupled with the US credit downgrade have been a cause for concern for IT firms.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in
addition to a SWOT analysis of the key vendors.

Key Topics Covered:

01. Executive Summary

02. List of Abbreviations

03. Scope of the Report

04. Market Research Methodology

05. Introduction

06. Market Landscape

07. Market Segmentation by Application

08. IT Services Market Segmentation by Services

09. Market Segmentation by End-users

10. Geographical Segmentation

11. IT Market in Sweden

12. IT Market in Denmark

13. IT Market in Norway

14. IT Market in Finland

15. Buying Criteria

16. Market Growth Drivers

17. Drivers and their Impact

18. Market Challenges

19. Impact of Drivers and Challenges

20. Market Trends

21. Trends and their Impact

22. Vendor Landscape

23. Key Vendor Analysis

24. Other Reports in this Series

Companies Mentioned: