ICT market contracted by 3.4% to PLN 101.8 bln in 2016

The Polish ICT market revenues fell by 3.4 percent to PLN 101.75 billion last year, according to Computerworld TOP200 ranking. IT revenues fell by 5.2 percent, while telecoms revenues dropped by 0.7 percent. This is the second time in the 25 years of the ranking, that the revenues declined, the only other time was in 2009 at the height of the global banking crisis. The decline came on the back of lower investment spending, which fell by 5.5 percent last year throughout the whole Polish economy, lower spending on IT by the corporate sector as well as a smaller number of contracts for the public sector, according to the report.