Press Release

---

18/09/2008 

  
IT market growing despite economic gloom

The UK IT market continues to grow despite the global financial downturn. According to data from EITO, a European market research institute supported by Intellect, the UK will see a 1.4% rise in the value of its IT market this year to £59.3 billion.

The software and IT services sectors, set to be worth £9.1 billion and £36.6 billion, are expecting the largest proportion of growth at 4.4% and 5% respectively. Spending on IT in the UK is set to increase from £57.3 billion to £59.3 billion.

Carrie Hartnell, Private Sector Programme Manager at Intellect said:

““The UK IT market is showing robust growth figures even in this uncertain economic period.  What we’re seeing in the UK is matched by trends in other markets across the world. In 1992 business were looking to cut their IT budgets in the face of an economic downturn, but in 2008 we are seeing a shift in attitude towards IT as indicated by the growth in the software and IT services sector. Rather than making across-the-board cuts, companies are now using IT to reduce the costs of running their businesses or to increase efficiencies”

John Higgins, Director General of Intellect commented:

PR Mailing List

Press wishing to be added to the Intellect press release mailing list should email our This e-mail address is being protected from spam bots, you need JavaScript enabled to view it , and provide the following information:

Full name
Contact telephone number
Publication (publications if you are a freelance writer)
Areas of interest