New Market Research Report: United Kingdom Information Technology Report Q3 2016
New Computer Technology market report from Business Monitor International: "United Kingdom Information Technology Report Q3 2016"
[ClickPress, Tue Jul 19 2016] We continue to maintain a relative ly robust growth outlook of UK IT spending over the medium term in our Q2 2016 report update. We estimate that spending growth will outperform most other developed European markets with a CAGR of 3.4 % over 2016 -20 20 . The stronger economic environment is a key differentiator with other Western European markets, while the large financial sector will also make the UK a lucrative market for advanced software and services vendors. Market development will , however , be uneven, and we envisage a stagnant hardware market, while growth will be driven by areas such as the app economy, cloud computing and emerging technologies such as the Internet of Things and Big Data analytics.
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Computer Hardware Sales: GBP19.7bn in 2016 to GBP20.18bn in 2020, CAGR of +0.4% in local currency terms. Market maturity means limited volume growth prospects, while the decline in desktop spending will partially offset a return to growth in the notebook and tablet markets.
Software Sales : GBP14.1bn in 2016 to GBP16.81bn in 2020, a CAGR of +4.4% in local currency terms. Complex enterprise software demand is growing in the financial services vertical, with SaaS SME demand another important growth area for software vendors.
IT Services Sales: GBP26.5bn in 2016 to GBP32.25bn in 2020, CAGR of +4.9% in local currency terms. A deepening of the cloud computing market will be the key pillar of IT services spending growth outperformance, while smart services will also make a significant contribution in the later years of the forecast.
The United Kingdom Information Technology Report features BMI Research's market assessment and independent forecasts covering personal computers and software; semi-conductors, memory chips, integrated circuits and general components; the internet and IT solutions. It analyses analyses regulatory changes (licensing, customs and intellectual property protection) and competitive landscapes comparing IT companies by products, sales, market share, investments, projects and expansion strategies.
BMI's United Kingdom Information Technology Report provides industry professionals and strategists, corporate analysts, IT associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the IT industry in United Kingdom.
Benchmark BMI's independent IT Industry forecasts for United Kingdom to test other views - a key input for successful budgetary and strategic business planning in the British IT market.
Target business opportunities and risks in United Kingdom's IT sector through our reviews of latest industry trends, regulatory changes, and major deals, projects and investments in United Kingdom.
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