United Kingdom Information Technology Report - Business Monitor International - Industry Reports

United Kingdom Information Technology Report

United Kingdom Information Technology Report - Business Monitor International - Industry Reports
United Kingdom Information Technology Report
Published Aug 30, 2016
74 pages — Published Aug 30, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

---- Outlook: The forecast for UK IT spending growth in ---- was downgraded from -.- to -.- , following the Brexit referendum. Our Country Risk team downgraded the economic growth outlook, which will directly impact the IT market, while uncertainty about the UK s political climate and negotiations with the EU has weakened enterprise sentiment and will be a drag on the IT market. ...---- Outlook: The forecast for UK IT spending growth in ---- was downgraded from -.- to -.- , following the Brexit referendum. Our Country Risk team downgraded the economic growth outlook, which will directly impact the IT market, while uncertainty about the UK s political climate and negotiations with the EU has weakened enterprise sentiment and will be a drag on the IT market. The most immediate impact on the IT market is derived from the depreciation of sterling, which will result in higher prices in the hardware segment. ...This means there is little flexibility for vendors to enact volume market share maximisation strategies by absorbing cost increases. We forecast a - contraction in computer hardware spending in ---- in GBP, but a -- decline in USD terms.

...Core scenario: IT spending growth to decelerate in response to slower economic growth and weaker enterprise sentiment, with sterling depreciation resulting in a drag on the affordability of imported hardware and packaged software. We have downgraded our forecast from a CAGR of -.- throughout the --------- period to -.- after Brexit. Downside Scenario: Extension of political uncertainty, recession and steeper sterling depreciation would exacerbate the negatives evident in our core scenario. There is a key downside risk for IT, should negotiations fail to secure an agreement on financial services passporting that results in banks, insurance and auxiliary financial services relocating operations away from London. Upside scenario: The UK does not have a large IT export industry to make competitiveness gains following depreciation, but a maintenance of its regional regulatory position along with more attractive asset prices could see an increase in FDI in high IT spending verticals such as financial services, pharmaceuticals and other research activities that would be positive for software and services spending. ...There is a key downside risk for IT, should negotiations fail to secure an agreement on financial services passporting that results in banks, insurance and auxiliary financial services relocating operations away from London. Upside scenario: The UK does not have a large IT export industry to make competitiveness gains following depreciation, but a maintenance of its regional regulatory position along with more attractive asset prices could see an increase in FDI in high IT spending verticals such as financial services, pharmaceuticals and other research activities that would be positive for software and services spending.

...Computer Hardware Sales: GBP--.-bn in ---- to GBP--.-bn in ----, CAGR of --.- in local currency terms. Price increases will result in a short-term hit to spending, before a gradual recovery. ...

  
Source:
Document ID
2044-9615
Country
Industry
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "United Kingdom Information Technology Report" Aug 30, 2016. Alacra Store. Dec 03, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/United-Kingdom-Information-Technology-Report-2026-1295>
  
APA:
Business Monitor International - Industry Reports. (2016). United Kingdom Information Technology Report Aug 30, 2016. New York, NY: Alacra Store. Retrieved Dec 03, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/United-Kingdom-Information-Technology-Report-2026-1295>
  
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