Market Monitor ICT France 2018

市场监测

  • 法国
  • 电子/计算机技术

2018年06月12日

Despite overall growth, many French ICT companies face structurally low margins, price pressure and an on-going consolidation process in the market.

France ict 2018 pic1

  • According to the research institute GfK, in 2017 the French mobile phone market decreased 5.2% in volume in 2017, but sales rose 2.5% to EUR 8.3 billion due to higher prices (increased share of more expensive smartphones).
  • The French IT hardware market remains under pressure in 2018 after a turnover decrease of 4% to EUR 5.2 billion in 2017. Tablets and PC sales are severely impacted by competition from other devices such as smartphones, a high equipment rate, extended replacement cycles and pressure on prices due to shortage of some electronic components.
  • The IT software and services sector grew 3.4% to EUR 53.7 billion in 2017, according to the industry federation Syntec/IDC, benefitting from increased digital transformation projects by businesses, the upward trend of IT externalisation and cloud computing expansion. IT services will remain a main driver of growth in 2018, with an expected turnover increase of 3.6% in 2018. SMAC (Social, Mobile and Analytics in the Cloud) and SaaS (Software as a Service) technologies are expected to record further high sales increases.
  • Due to the shifting market conditions, many ICT businesses need to adapt their business model. Wholesalers increasingly try to move away from pure hardware selling, to offer more added value products and IT services in order to improve their profitability, as this offers higher revenues and better margins. However, such efforts are not easy to make and require highly skilled management and staff.
  • On average, payments in the French ICT sector take around 60 days, and we expect payment delays and insolvencies to remain low and generally stable in the coming months. That said, our underwriting position in the ICT segment remains generally neutral as sudden business failures cannot be ruled out due to the fast changing and very competitive market environment with strong price pressure.
  • Especially smaller ICT businesses with an unflexible cost structure and a concentrated customer or supplier portfolio could face difficulties, while many IT hardware wholesalers suffer from structurally tight margins and a low equity level.

 

 

 

 

 

 

相关资料

免责声明

Each publication available on or from our websites, such as, but not limited to webpages, reports, articles, publications, tips and helpful content, trading briefs, infographics, videos (each a “Publication”) is provided for information purposes only and is not intended as a recommendation or advice as to particular transactions, investments or strategies in any way to any reader. Readers must make their own independent decisions, commercial or otherwise, regarding the information provided. While we have made every attempt to ensure that the information contained in any Publication has been obtained from reliable sources, Atradius is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information in any Publication is provided ’as is’, with no guarantee of completeness, accuracy, timeliness or of the results obtained from its use, and without warranty of any kind, express or implied. In no event will Atradius, its related partnerships or corporations, or the partners, agents or employees thereof, be liable to you or anyone else for any decision made or action taken in reliance on the information in any Publication, or for any loss of opportunity, loss of profit, loss of production, loss of business or indirect losses, special or similar damages of any kind, even if advised of the possibility of such losses or damages.