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The IT Market in the UK
15/06/2009
According to a report released by cbronline.com in February 2009, it is expected that the overall IT market in the UK will contract by 2% in 2009 and a further 1% in 2010. Even though The UK is the European leader in the IT sector the decline is concerning when compared to the European IT sector which as a whole is still expected to grow by 2.2%. In particular the larger Western markets such as Germany and The Netherlands are still expected to experience 2% and 1.1% growth respectively.
Despite the negative growth in 2009 and 2010, the total value of the IT industry in The UK equated to £70 billion in 2008. The IT sector therefore remains a significant contributor to The UK’s GDP (contributing 10%) and remains the largest market for ICT in the EU. However it isn’t just the size of the market that demonstrates the UK’s strength in the IT sector. In the latest Global Information Technology Report 2008-2009, The UK was ranked 15th in the world when it comes to networked readiness. This demonstrates The UK’s active investment and effective use of technology within the political, social and economic system.
(TheITJobBoard.co.uk)
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