Entreprise application software market expected to shrink by 40% this year

During the first five months of 2014, the volume of services provided by entrepreneurs and organizations in the information and telecommunications sectors in Ukraine were valued at 28.8 billion hryvnias (approximately $2.42 billion), reports the State Statistics Service of Ukraine.

More specifically, telecom companies accounted for services valued at 19.78 billion hryvnias (approximately $1.66 billion), while “computer programming and other information services” accounted for 5.12 billion hryvnias (approximately $430.7 million).

According to a separate report released this week by leading business-intelligence firm IDC, the ERM market in Ukraine grew by 44.6% in 2013 to $82 million. German giant SAP retained its lead in the market, increasing local sales-volume by 81%.

Following SAP were Russian software-devoloper 1C with a market-share of 22.3% and Information Technology, an American firm specializing in hardware and software-development. Together, the three companies hold a market-share of 90.5%. However, the report warns that the entreprise application software (EAS) market in Ukraine is expected to shrink by an estimated 40% this year to a level it has not reached since 2011-2012.

Topics: Data & reports, IT services, Software
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