The impact of the ARZ deal on the SITS market figures for Austria
PAC recently updated its software & IT services market figures by verticals for Austria (exclusively considering non-captive revenues, i.e. external revenues). One development is worthy of mention: the acquisition of Allgemeines Rechenzentrum GmbH, short ARZ, by Accenture is expected to have a significant impact on the development of IT services for the banking industry. For 2022 and 2023, this deal will result in substantial growth. Overall, PAC expects average growth of 17% in IT spending by this vertical. In more detail, application management and infrastructure outsourcing services will increase substantially, and we expect momentum in infrastructure support services & project services. For example, infrastructure outsourcing services will increase from €85 million in 2021 to €164 million in 2023 (both in current prices), an annual rate of approximately 40%.
Posted on November 10, 2022 by Aline Trautmann