Tech spending will show a slower recovery in Britain than in its main European rivals or in the US, according to a new report from Forrester Research.
The analyst group predicts overall tech spending in western and central Europe will decline 6.9 percent in 2009, after a 0.8 percent decline in 2008.
Overall, Forrester projects that the countries of Western and Central Europe will purchase €297 billion (£262 billion) of computer equipment, communications equipment, software, and consulting and outsourcing services in 2009.
Germany, the UK, and France represent 55 percent of the European IT market, and for 2009 Forrester expects:
- UK: The market for IT goods and services to drop by 12 percent in 2009 to €57.4 billion (£50.5 billion)
- Germany: The IT market is set to fall 3 percent in 2009 to €57.5 billion (£50.6 billion).
- France: Spending will be down 3 percent to €49.4 billion (£43.5) in 2009.
US tech spending is predicted to recover more strongly than in Europe, next year, with an 8 percent rise in 2010, compared to half that rate in Europe.