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Industry Report
Europe

Defense & Security in Slovakia

July 20, 2020

Between 2012 and 2019, the growth of Slovakia’s defense expenditures was the fourth highest among all NATO members. The year 2019 also saw the historically most significant year-on-year increase in expenditures (from EUR 1.1 billion in 2018 to EUR 1.6 billion), mainly due to the purchase of F-16 fighters.

Slovakia launched large modernization projects not long ago and most are still in a planning stage. An increase in defense and security spending is to last until most commitments towards NATO are reached. This environment should present good opportunities for U.S. companies supplying high-end, advanced products, which can attract not only public administration buyers but the private market as well. The recent purchases of F-16 jet fighters and UH-60m helicopters may also present opportunities for related equipment and technology. Potential also exists in the sector of personal security and surveillance systems, where demand is created not only by uniformed forces, but also by municipal authorities, owners of critical infrastructure, and private companies.

This report examines the Defense and Security market in Slovakia, providing overviews of the Slovak Armed Forces, Homeland Security, market opportunities, and the public procurement system.

Industry Report
Europe

COVID-19 Impact in Europe

July 17, 2020

The impact of COVID-19 on European economies has been dramatic. It is anticipated that European economies will experience market volatility similar to 2007 as opposed to more recent years. The optimism for a V-shaped recovery remains strong as the demand for goods and services is expected to bounce back, however, some sectors will never return to the same strength. Most economies in Europe will rebound with perhaps the greatest health warning being on the UK economy, where growth may be slower than anticipated.

This report examines the following sectors in Europe, and the impact of COVID-19:

  • Aerospace & Defense
  • Life Sciences
  • Pharmaceuticals
  • Medical Technology
  • ICT
  • Cybersecurity
  • Food & Drinks
  • Automotive
Industry Report
Africa

ICT in South Africa & Tanzania

July 1, 2020

Africa’s economic position is set to advance in the coming years as African economies are growing at a rate higher than the global average. South Africa is the 34th largest export economy in the world and the 47th most complex economy. South Africa is the second largest economy in Africa, and enjoys relative macroeconomic stability and a largely pro-business environment, making it an attractive option for Virginia companies seeking to enter the Sub-Saharan Africa marketplace. Tanzania’s economic performance showcases a high rate of growth and a low rate of inflation over the past five years.

Positive economic environments and the growing ICT sector makes South Africa and Tanzania an attractive place for Virginia exporters to do business.

This report examines the ICT sector in South Africa and Tanzania, as well as market opportunities and key players.

Industry Report
Africa

Manufacturing in South Africa & Tanzania

July 1, 2020

Africa’s economic position is set to advance in the coming years as African economies are growing at a rate higher than the global average. South Africa is the 34th largest export economy in the world and the 47th most complex economy. South Africa is the second largest economy in Africa, and enjoys relative macroeconomic stability and a largely pro-business environment, making it an attractive option for Virginia companies seeking to enter the Sub-Saharan Africa marketplace. Tanzania’s economic performance showcases a high rate of growth and a low rate of inflation over the past five years.

Africa’s growing manufacturing industry leaves ample room for investment and key partnerships. Africa is in the process of becoming the world’s next great manufacturing center and African businesses and governments have recognized that manufacturing offers the perfect opportunity to create the next wave of economic growth. There is great potential for expansion in Africa’s manufacturing sector, as it is expected that Africa will capture part of the 100 million labor-intensive manufacturing jobs said to leave China by 2030.

This report examines the Manufacturing industry in South Africa and Tanzania, as well as market opportunities and key players.

Industry Report
Africa

Healthcare in South Africa & Tanzania

July 1, 2020

Africa’s economic position is set to advance in the coming years as African economies are growing at a rate higher than the global average. South Africa is the 34th largest export economy in the world and the 47th most complex economy. South Africa is the second largest economy in Africa, and enjoys relative macroeconomic stability and a largely pro-business environment, making it an attractive option for Virginia companies seeking to enter the Sub-Saharan Africa marketplace. Tanzania’s economic performance showcases a high rate of growth and a low rate of inflation over the past five years.

African countries provide an ideal growth environment for healthcare companies. The African healthcare sector is poised to become the second largest, after North America, valued at $259 billion by 2030. It provides opportunities in various subsectors, ranging from medical devices and pharmaceuticals, to digital health, health services and infrastructure, and skills development and training.

This report examines the Healthcare market in South Africa and Tanzania, as well as market opportunities and key players.

Industry Report
Europe

ICT in Ireland

January 24, 2020

With Brexit taking effect, Ireland is well-positioned to be the primary entrance for English-speaking business into the EU.

Ireland has solidified its status as a global technology hub by attracting and retaining a range of multinational companies, including 9 of the top 10 US ICT companies, mainly due to its high quality labor market. Ireland exports 97% of its domestic ICT production globally, which contributes to over €50 billion to the economy, making it the second largest exporter of ICT related goods and services in the world.

The ICT industry in Ireland is forecasted to grow at a rate of over 5% per annum over the next several years. The leading sub-sectors within the Irish ICT market include IT infrastructure, software and computer services, and cloud related computing services.

End-user demand is resulting in an increase in the development and offering of SaaS and PaaS packages. Consumers are beginning to demand more bespoke, tailored versions of such packages that meet their specific requirements.

This report examines the ICT market in Ireland, as well as market entry approaches and key players.