Software to lead the way in IT spending in Western European vertical markets, says IDC
MILAN, ITALY – FEBRUARY 8, 2006 – IDC's European Vertical Markets group has recently released the latest data regarding Western European IT spending forecasts by vertical market. Overall software is expected to be the fastest growing segment in Western Europe, followed by services (driven by operations). Hardware spending is also expected to recover in 2005. Western European IT demand is increasing only gradually and remains strictly connected to the business requirements that characterize the different vertical markets.
Highlights from this study include:
— The public sector will continue to offer the best short-term growth
opportunities. Demand will continue to be stronger at a local level and in healthcare (both expected to achieve growth of 6.8% in 2005), slightly lower (6.0%) in central government, and modest in education (3.2%).
— Finance is expected to remain an attractive sector in 2005, with all
the single verticals (banks, insurance, and other finance) expected to exhibit IT expenditure growth rates close to the total average of 3.8%.
— IT growth in manufacturing in 2005 will be at a positive but modest
level, lower than the general average, in both sub-verticals: discrete manufacturing (2.2%) and process (2.8%). Overall compliance is expected to be a key driver of IT spending in the sector. The U.K. and Spain are offering the most opportunities.
— Spending in the transport sector will recover quite well in 2005
compared to the recent past, reaching 3.2% growth in 2005 (close to the average).
"Government (especially local authorities) and healthcare will be the fastest growing vertical markets in 2005. IT demand is also improving in other vertical markets, but specific drivers and the speed of adoption vary considerably between different vertical markets," said Giuliana Folco, research director, European Vertical Markets.
The study Western European Information Technology Vertical Markets' Spending, Forecast Update, 2004-2009 (Doc #M54M, December 2005) provides new data and analysis for Western European IT spending trends by vertical market for the period 2004-2009. Analysis of IT spending is provided for 18 vertical markets, 11 product categories (including hardware, packaged software, and services), and the top 5 Western European countries (France, Germany, Italy, Spain, the U.K.) in the 2004-2009 timeframe.
To purchase this document, please contact your local IDC office or visit www.idc.com .
IDC is the foremost global market intelligence and advisory firm helping clients gain insight into technology and ebusiness trends to develop sound business strategies. Using a combination of rigorous primary research, in-depth analysis, and client interaction, IDC forecasts worldwide markets and trends to deliver dependable service and client advice. More than 700 analysts in 43 countries provide global research with local content. IDC's customers comprise the world's leading IT suppliers, IT organizations, ebusiness companies, and the financial community. Additional information can be found at www.idc.com .
IDC is a division of IDG, the world's leading IT media, research and exposition company.
All product and company names may be trademarks or registered trademarks of their respective holders.
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data prepared by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to email@example.com.