The Croatian IT Industry: Companies & Data
Croatia's entrance into the EU in July 2013 is and will be a key driver of ICT growth, facilitating increased trade between European markets. Over the next years, the process of EU convergence, which still has far to go, will drive spending on IT projects. Funds such as the EU Cohesion fund are already providing funding for IT projects related to modernization initiatives in both public and business segments. As the government remains the major investor in ICT in Croatia
The combined government sector also remains the largest spender on IT products and services, unsurprising bearing in mind that the state still owns a wide range of companies across sectors like transport, telecoms, oil and gas, and insurance. Despite all the difficulties, the ICT sector in Croatia is one of the best sectors of the Croatian economy, especially since a large part of it is focused on exports. The ICT sector in Croatia has annual revenues of around 21 billion kuna
Why working with Croatian IT companies
IT companies from Croatia are relatively new to the market and rely on the already existing infrastructure when providing web & software services and solutions to the local and international markets. Based on a report of Belgian company ”Wallonia”, Croatian IT companies managed to implement the newest IT standards and are specialized in the subsector of software development more than the web, and cloud computing.
The choice is based on local market demand, as 45% of products and services provided by Croatian IT companies are sold to the government and implemented in the local public sector, which is supposed to increase the digitalization rate of the country overall. Nonetheless, some other 55% of IT services are designed for regional export and are considered a part of the regional IT backbone in the western Balkans.
What to pay attention to when working with Croatian IT companies
It is important to know that most Croatian IT companies were at the startup phase in 2013, and this makes them new and probably inexperienced in providing competitive services on the global IT market. However, working with Croatian IT companies may be an interesting experience after all.
How reliable are Croatian IT companies
Croatian IT companies are at an early stage of creating their reputation on the global market. Since not so many IT companies located in Croatia managed to highlight their performance, it is challenging to relate to how reliable they are. But taking into account that in the XXI century all companies have a chance to create a name for themselves, most probably Croatian IT companies will manage to break the ice, and why not - make out of their country an important regional IT hub.
How well does the Croatian IT industry relate to the neighboring countries?
On the regional background, the Croatian IT industry is neither a shiny country nor an underdeveloped IT environment. But is one of the promising destinations for international clients and foreign companies ready to invest or work with Croatian IT companies and bring the entire region closer to what the Western-European IT industry is.