Life gets harder in hardware
By Nick Heath
Published: 18 December 2008 15:26 GMT
The European IT market is flouting the credit crunch and is predicted to grow to €315bn next year.
Strong sales in IT services will fuel two per cent growth in the IT market in Western Europe, according to forecasts by the European Information Technology Observatory (EITO).
silicon.com Financial Services
Get the latest financial services news straight to your inbox. Sign up for the FS newsletter today!
EITO predicts that software and IT service providers in the region will see turnover grow by 3.2 per cent year-on-year, to €228bn, compensating for a 1.3 per cent fall in turnover among hardware manufacturers, where turnover is expected to drop to €87bn.
The organisation predicts that the 15 core countries in Western Europe will be better able to withstand the economic downturn than the US, where IT turnover is forecast to grow by 0.8 per cent to €347bn.
EITO chairman Bruno Lamborghini said IT will be of strategic importance to companies during the downturn by helping them to save cash and boost efficiency.
The global IT market for 2009 will grow year-on-year by 2.7 per cent to €983bn, according to the EITO forecast.
We are experiencing phenomenal growth year on year, and the forecast is that this rapid expansion programme will continue over the next 30 years and ...
You will be able to demonstrate the ability to forecast and budget for IT improvements and changes and internally train users. This is an excellent ...
Provide subject matter expertise in country specific as well as general Euro specific accounting and regulatory requirements; - Provide subject ...
Agenda Setters 2008
Welcome to the ninth annual Agenda Setters poll – silicon.com's list of the top 50 most influential individuals in the technology and IT industries, from techies and CIOs to entrepreneurs and business leaders. Find out more in our latest special report.
Stories from the web...
Copyright © 2008 CBS Interactive Limited. All rights reserved. Top of page
Digg
Slashdot
Del.icio.us
Stumble
Reddit
RSS Feeds
Nick Heath
Next stop HMRC: How TfL CIO will shake up the taxman
Interview: Phil Pavitt, CIO Transport for London, on making IT boring
Gary Bettis
Public sector CIOs: It's your time to shine
Comment: Efficiency programme offers big challenges and opportunities
Gary Lynch
How e-coding can prevent NHS slip-ups
Barcodes to run in their blood
silicon.com
Inbox: Chip and PIN latest big IDea - and still no readers
"PIN numbers do not present much of a challenge to a determined crook"
Jo Best
From army officer to IT chief - CPS CIO David Jones
Profile: What IT and the military have in common
silicon.com
Inbox: Government IT ignoring red lights?
"The civil servants who specify these projects are not competent technically"