New Computer Technology research report from Business Monitor International is now available from Fast Market Research

Boston, MA -- (SBWire) -- 03/15/2013 --BMI View: UK IT spending is expected to reach US$88.1 in 2013, down 5%, with IT investments constrained following the UK's return to recession in early H112. UK PC sales drifted back into negative growth territory in Q212, after what had turned out in Q112 to be a single quarter of positive growth. The overall outlook for UK IT spending in 2013 is one of modest single-digit growth, with the UK unable to remain immune from the problems affecting other major European markets. Although Q412 brought new public sector IT contracts from the Home Office and other organisations, the UK IT services market remains overshadowed by the impact of government cuts and a moratorium on projects with a value of more than GBP100mn.

View Full Report Details and Table of Contents

Headline Expenditure Projections

Computer hardware sales: US$19.2bn in 2012 to US$19.8bn in 2013, +3% in US dollar terms. Forecast in US dollar terms downwardly revised due to analyst modification after the PC market reported negative growth in Q212.

Software sales: US$12.1bn in 2012 to US$13.7bn in 2013, +13% in US dollar terms. Forecast in US dollar terms downwardly revised due to analyst modifications, but software still comprises around 70% of cloud spending.

IT Services sales: US$52.7bn in 2012 to US$56.4bn in 2013, +7% in US dollar terms. Forecast in US dollar terms downwardly revised due to analyst modification with price deflation and an environment of fiscal retrenchment meaning difficult trading conditions for vendors.

Risk/Reward Ratings: The UK's score was 82.9 out of 100.0. The UK ranks first in our latest Europe IT RRR table, still ahead of Germany and Sweden, and despite the poor performance of its PC market in H112.

Key Trends and Developments

- A major factor likely to restrain demand in 2012 is the government's tough austerity programme, which has targeted an average of 19% cuts across departments over a four-year period through to 2015.However, 2012 brought a number of new projects from Her Majesty's Revenues and Customs (HMRC), the Home Office and other departments. The UK cloud market remains small, at an estimated GBP1bn in 2012, but BMI forecasts it could account for 10% of total UK IT spending by 2016. The government's efficiency drive may create opportunities in areas such as cloud computing and offshoring, where pilots have been launched. While the centralised health IT provider model has been cancelled, individual components of the plan will still be implemented. The government has also announced plans to liberalise its procurement process and increase the use of open-source software in government.

About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Computer Technology research reports at Fast Market Research

You may also be interested in these related reports:

- United States Information Technology Report Q1 2013
- United Arab Emirates Information Technology Report Q1 2013
- Saudi Arabia Information Technology Report Q1 2013
- Sri Lanka Information Technology Report Q1 2013
- India Information Technology Report Q1 2013
- Egypt Information Technology Report Q1 2013
- Poland Information Technology Report Q1 2013
- Czech Republic Information Technology Report Q1 2013
- South Korea Information Technology Report Q1 2013
- Vietnam Information Technology Report Q1 2013