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08/03/06 UK remains most buoyant ICT market in Western Europe
The UK continues to be the fastest growing ICT market in Western Europe with 4.2% growth expected in 2006, up from 3.5% in 2005. According to the 2006 report from the European Information Technology Observatory (EITO) 2006 edition, launched this week, the overall ICT market growth in Europe is slowing down with 3.2% expected in 2006 compared to 3.6% in 2005. In spite of all this, the UK maintains its status quo.
The report forecasts above average growth rates for the UK ICT industry in 2006. 6.1% growth is expected for Software and 5.1% growth is expected for IT Services. This will offset more modest growth rates in IT hardware to 3.9% and 3.6% for telecoms.
Charles Ward, Intellect’s Chief Operations Officer, and member of the EITO Advisory Group commented:
"The headline level of growth is encouraging but masks increasing turbulence in the market with some sub-sectors such as security, mobile applications, content management and storage experiencing huge growth. The UK continues to be a fertile market for innovative solutions and business models. Services growth is driven by the continuing adoption of outsourcing and recent events have highlighted the importance of business continuity.”
Other key findings of EITO 2005 include –
The full EITO Report can be found at: http://www.eito.com/index-eito.html
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