Feeds

European IT spending shrinking

Researchers find shrinking market

High performance access to file storage

IT spending across Europe is under even more pressure and budgets will grow by just 1.6 per cent in 2006, compared to 2.9 per cent last year.

Researchers from Forrester found that more than half of European firms plan to reduce IT budgets this year. The main priority across Europe is for spending on security, anti-virus and host intrusion detection.

For IT services price pressure is the main concern, with nearly half of European firms saying that cutting costs is an important or critical priority for the year ahead.

Miguel Angel Mendez, associate analyst at Forrester Research, said the caution on IT spending was at odds with people's more optimistic view of their own industries - 60 per cent of respondents expect the coming year to be good or OK for their industries.

The feeling in the UK seems slightly more optimistic - British firms expect to increase IT spending by 2.3 per cent, but only 20 per cent of this will go on new developments. Big technology brands such as Cisco, HP, IBM, Microsoft, SAP and Oracle get the lion's share of purchasing preferences.

Forrester spoke to 506 companies across Europe.®

Top three mobile application threats

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
Ex–Apple CEO John Sculley: Ousting Steve Jobs 'was a mistake'
Twenty-nine years later, post-Pepsi exec has flat-forehead moment
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.