February 8th, 2006
IT services spending in Baltic states up 12.7% in 2005
Demand for IT services is on the rise in Estonia, Latvia, and Lithuania. According to IDC, spending jumped by nearly 20% in 2004 to $184.76 mln and preliminary data points to a rise of 12.7% in 2005, reaching approximately $208 mln. Latvia was the largest of the markets, representing an estimated 36.3% of IT services spending in 2004, but the spread between the three was small, with Lithuania accounting for 33.4% and Estonia for 30.3%.
Alex is a software engineer in the San Francisco Bay Area. ITFacts is created and updated by a group of statistics-obsessed individuals.
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