Market environment

Key drivers of growth on the IT market

  Banking and finance
  • Increased demand for advanced technologies used in financial services,
  • New trends in the area of IT solutions dedicated to financial institutions,
  • Development of omni-channel solutions,
  • Dynamically changing legal environment requiring constant adaptation of IT systems,
  • The growing importance of cyber security.
  General business
  • Companies' growing IT needs along with the development of the scale of operations - higher demand for ERP solutions,
  • Demand for advanced solutions with the assumption of cost optimization - development of cloud and SaaS solutions,
  • The need to manage a huge amount of data,
  • Legal changes resulting in the need of IT systems adaptation.
  Public sector
  • The sector remains one of the largest recipients of IT services,
  • Demand for advanced solutions, where security, reliability of systems and their supplier play a very important role,
  • High demand for IT solutions in the areas of social insurance, central and local government administration, health care or uniformed services.

Development prospects of the IT market

According to Gartner's projections this July, global IT spending will grow 8.6% in 2021 to reach USD 4.2 trillion. Growth should be recorded in all market segments, with the highest increases expected in IT hardware - by 13.9% and enterprise software – by 13.2%. For the IT services, data center and telecom services segments, the projected increases are 9.8%, 7.4% and 3.5%, respectively.

Global IT spending is expected to increase by 5.3% to USD 4.4 trillion in 2022. The highest growth should be recorded in enterprise software – by 11.7%. The second highest growth of 8.5% is forecast for IT services.

IT spending (in billions of USD) 2020 Change y/y
2021 (forecast) Change y/y 2022 (forecast) Change y/y
Data center systems 178 2.5% 192 7.4% 202 5.2%
Enterprise software 529 9.1%  599  13.2%  669  11.7%
Devices 697 -1.5%  794  13.9%  800  0.8%
IT services 1 071 1.7%  1 177  9.8%  1 277  8.5%
Communications services 1 396 -1.4%  1 445  3.5%  1 481  2.6%
Total 3 872
0,9%  4 206
 8.6%  4 430
 5.3%

Source: Gartner

In turn, according to International Data Corporation's (IDC) June 2021 forecast, ICT spending in Europe will see a 4.5% increase in 2021 versus last year, reaching USD 988 billion. IDC experts predict that the software segment will grow by 6.6% this year thanks to strong demand for human capital management, advertising, marketing and customer service solutions, which they believe will continue through 2021.

Asseco's market position

Asseco's market positionAsseco is the sixth-largest producer of software in Europe and the largest supplier of modern IT solutions in Central Eastern Europe.

The Company's strong market position has been confirmed in the latest Computerworld TOP200 report, which is a comprehensive survey of the Polish ICT market. Asseco once again became the largest IT capital group operating in Poland, thus becoming a national leader in digitization. The company won in a total of 5 categories in this year's report.

Asseco Poland in the Computerworld TOP200 ranking:

Category Ranking position
The largest IT capital groups operating in Poland – Leaders of digitization in Poland 1
The largest providers of IT solutions and services for the public administration and uniformed services sector 1
The largest providers of IT solutions and services for large companies and enterprises 1
Major custom software providers 1
Major service providers 1
IT companies with the highest net profit 2
Companies with the highest R&D spending 2
The largest providers of IT solutions and services for the healthcare sector 2
The largest integration service providers 2
The largest suppliers of IT solutions and services for the banking sector 3
The largest providers of IT solutions and services for the telecommunications sector 3
The largest IT service providers 3
The largest providers of IT solutions and services for the power sector 4
The largest providers of Business Intelligence, Big Data and Data Discovery systems 4

Source: Computerworld TOP200, Ranking of IT and Telecommunications Companies, Edition 2021, ranking by sales generated in 2020.

High positions in the latest Computerworld TOP200 ranking were also occupied by other Asseco Group companies: Asseco Business Solutions remained at 1st position in the category of largest providers of Enterprise Resource Planning (ERP) systems. In turn, Asseco Data Systems ranked 2nd among the largest providers of training services.

Asseco Poland is also a leader in 5 categories of the ITwiz Best100 ranking, which is a list of the largest IT companies in Poland.

Asseco Poland in the ITwiz Best100 ranking:

Category Ranking position
Revenue of major IT groups 2020 1
IT companies with the largest sales to government and uniformed services in 2020 1
Companies with the largest sales to large companies in 2020 1
Companies with the largest sales of maintenance services in Poland in 2020 1
Companies with the largest sales of integration services in Poland in 2020 1
IT companies with the highest net profit in 2020 2
The largest companies with Polish capital selling their proprietary products and services in 2020 2
Companies with the largest sales of IT services in Poland in 2020 2
Companies with the largest sales of customized software in Poland in 2020 2
IT companies with the largest sales to the banking sector in 2020 2
Companies with the largest sales to the telecom sector in 2020 2
Companies with the largest sales of analytics and big data solutions in 2020 3
Companies with the largest sales to the healthcare sector in 2020 3
Companies with the largest sales to the power sector in 2020 4

Source: ITwiz Best100, 2021 Edition, ranked by sales achieved for 2020.

Other Asseco Group companies also ranked high in the ITwiz Best100 ranking. Asseco Business Solutions once again became the leader in the category of companies with the highest sales of ERP systems. In turn, Asseco Data Systems ranked 2nd in this ranking among companies with the highest revenues from training in Poland, ranked 3rd in the category of companies with the highest revenues from sales of application implementation services and 4th among companies with the highest sales of ECM (Enterprise Content Management) class systems.