ICT industry exports increased 27 percent, software grew as much as 52.13 percent ICT Business | TechBuzz

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Data on the operations of domestic ICT companies show that total exports of the domestic ICT industry reached HRK 11.26 billion. According to the data prepared by Dun & Bradstreet Croatia, and analyzed by the ICTbusiness.info team, it can be seen that last year, compared to 2020, exports increased by a total of 27.05 percent.

Here, too, it is more than obvious that the software segment is growing the most, with exports at the level of 52.13 percent and reaching HRK 8.831 billion. The computer segment also grew by 17.09 percent to HRK 1.4 billion, while the telecommunications segment recorded a drop in exports of 44.69 percent to just over HRK 1 billion.

In addition, the software segment now represents almost 80 percent of the total export potential of the domestic ICT industry.

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When you look at the market trend of the domestic ICT industry in the period from 2016 to 2021, it can be seen that exports grew by an average of 16.14 percent per year on average. The highest average annual growth was recorded by the software segment, which in the observed period grew by an average of 27.22 percent per year, the computer segment by 11.22 percent, while the telecom segment recorded a decline of 11.11 percent.

We know that many will say that the list will again include companies that may not belong to this segment by their predominant activity, but the NKD is realistically the only real determinant for the analysis. The problem of course arises because for many the NCEA, ie the main activity according to the NCEA, is only one in a series of activities, sometimes it is not crucial. Thus the whole ICT belongs to the three NKD software areas 62.01, 62.02, 62.03, 62.09, 63.11; computers 26.20, 58.21, 58.29, 95.11 and communications and telecoms 26.30, 61.10, 61.20, 61.30 and 61.90. According to these NCEAs, a total of 17,000 companies are under analysis.

Comparison of ICT sector exports in 2021 compared to 2020

Exports of the ICT sector in 2021

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2020

2021

YoY 2021/2020

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telecomunications

1.864.642.500,00

1.031.272.400,00

-44,69

Software

5.805.294.500,00

8.831.806.700,00

52,13

Computers

1.193.483.700,00

1.397.493.000,00

17,09

IN TOTAL

8.863.420.700,00

11.260.572.100,00

27,05

Source: Dun & Bradstreet Croatia, analysis by ICTBusiness.info

Exports of the ICT sector from 2016 to 2021

Exports of the ICT sector in 2021

2016

2017

2018

2019

2020

2021

YoY 2017/2016

YoY 2018/2017

YoY 2019/2018

YoY 2020/2019

YoY 2021/2020

telecomunications

1.858.671.500,00

2.226.649.300,00

1.983.787.200,00

2.061.330.400,00

1.864.642.500,00

1.031.272.400,00

19,80

-10,91

3,91

-9,54

-44,69

Software

2.649.748.900,00

3.191.234.900,00

4.207.518.700,00

5.163.826.600,00

5.805.294.500,00

8.831.806.700,00

20,44

31,85

22,73

12,42

52,13

Computers

821.279.600,00

933.721.400,00

1.066.281.100,00

1.063.904.800,00

1.193.483.700,00

1.397.493.000,00

13,69

14,20

-0,22

12,18

17,09

IN TOTAL

5.329.700.000,00

6.351.605.600,00

7.257.587.000,00

8.289.061.800,00

8.863.420.700,00

11.260.572.100,00

19,17

14,26

14,21

6,93

27,05

Source: Dun & Bradstreet Croatia, analysis by ICTBusiness.info



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I am admin of techbuzz.asia blog & I provide tech-related news. As a part of my hobby, I make content related to technology and gadgets reviews too. I love to be a content creator apart from it, I am a full-time employee in an MNC company and manage blogs systematically. You can mail me at [email protected]

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