Feeds

Crap Europe could wipe $150bn from IT market

Doomsayer forecasts

  • alert
  • submit to reddit

Maximizing your infrastructure through virtualization

The IT sector could see $150bn wiped off their sales ledgers over the next three years - if the European economy gets any worse.

So says IDC, the market research firm, which notes "new economic data pointing to the possibility of a more severe downturn in Western Europe".

This increases the likelihood that the technology slowdown seen in US will spread to Europe. On a worst-case scenario, global spending worldwide will reduce by up to $150bn between 2001 and 2003, with Europe accounting for $50bn of the fall in demand.

IDC is not yet ready to forecast that this will happen. It is still projecting double digit growth for IT spend in Western Europe in 2001. But now it is entering some big caveats: "Spending in some segments of the European IT hardware has clearly tempered, including weaker demand from service providers for networking equipment and a slowing growth rate for PC sales," the firm says.

"Historically, hardware spending is highly
vulnerable to swings in the overall economy,"according to IDC which continues to predict strong growth in the region this year for software and services. ®

Top three mobile application threats

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Microsoft: We're making ONE TRUE WINDOWS to rule us all
Enterprise, Windows still power firm's shaky money-maker
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.