Big Bytes

Government plans to subsidize broadband networks to boom ICT budget

• Kable’s survey reveals that majority of Austrian enterprises are planning to expand their ICT budget significantly in 2016
• Austrian financing initiatives is COMET (Competence Centres for Excellent Technologies).
• Survey data reflects that SaaS as the most preferred cloud computing solution area among Austrian enterprises in 2015

Enterprise ICT spending patterns offers insights on ICT budgets across the core segments of enterprise ICT expenditure such as hardware, software, IT services, communications, and consulting. The report delineates the core technologies that enterprises are putting resources into, including business intelligence, portability management, green IT & virtualization, and web of things. The study of 45 Austrian enterprises highlights the way to deal with acquiring technology embraced by endeavours in Austria. The report aims to offer a superior understanding to ICT vendors and service suppliers when contributing their solutions to enterprises in Austria. Moreover the publication provides an in-depth analysis of the Austrian enterprises investment priorities, new budget plans, outsourced ICT functions, factors affecting such decisions. This report offers an overview of the changes in customers’ priorities and the current strategic objectives of Austrian enterprises which will further help every individual from regional to foreign to realign their strategies.

Austria is one of the 14 richest countries in the world in terms of GDP likewise has a well-developed social market economy, and a high standard of living. Austria’s profoundly created and strong economy supports high amounts of prosperity. Openness to worldwide exchange and investment is firmly institutionalized and upheld by a generally productive entrepreneurial structure. Austria has a solid convention of dependable assurance of property rights, and the lawful framework is straightforward and equally connected. Viable anti-corruption measures are in drive. After being a highly developed industry, international tourism is also the most imperative part of the national economy.

Since Austria turned into a member state of the European Union it has increased nearer binds to other European Union economies, diminishing its monetary dependence on Germany. Moreover, enrolment in the EU has drawn an influx of outside financial investors pulled in by Austria’s access to the single European market and proximity to the aspiring economies of the European Union.

A standout amongst the best Austrian financing initiatives is COMET (Competence Centres for Excellent Technologies). The fundamental point of COMET is to further strengthen the collaboration amongst science and industry and in this way advance the improvement of joint research skills and the learning of experts as well as to commercially realize research results.

As per Kable, the ICT market in Austria is relied upon to develop in the coming years with endeavours putting more in the ICT domain. The Austrian government has uncovered arrangements to sponsor broadband networks to guarantee 100% coverage and has also underscored of the need of having strong cyber security structure and innovative work in the ICT space and moreover survey data reflects that SaaS was the most preferred cloud computing solution area among Austrian endeavours in 2015, as enterprises allocated more than one-third of their average cloud computing budget to this domain.

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