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United Kingdom Information Technology Market: New market information published

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United Kingdom Information Technology Report Q1 2014 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-03 06:53:04
The UK IT market remains a lucrative location for vendors, with it being home to one of the largest outsourced public service markets. There are also areas of fast growth, particularly around emerging technologies such as datacentres and cloud services and Big Data. There is also downside, as spending is squeezed by fiscal austerity measures, fragile business and consumer confidence, and a decline in desktop and notebook shipments. Furthermore, the failure of high profile public IT projects in recent years has heightened public scepticism about further projects. Taking these factors into account, UK IT spending is forecast to increase 2.4%, to GBP53.449bn in 2013, slightly faster growth than forecast in the previous update, as the macroeconomic environment shows signs of strengthening.

Headline Expenditure Projections:

- Computer Hardware Sales: GBP11.748bn in 2012 to GBP11.972bn in 2013, +1.9% in local currency terms. A boom in tablet sales has offset the decline in purchases of desktop and notebooks.

- Software Sales: GBP7.571bn in 2012 to GBP7.739bn in 2013, +2.2% in local currency terms. Software spending growth is occurring in key areas, such as security solutions and big data analytics, while Windows 8/8.1 upgrades are also a factor.

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