Feeds

European IT spending shrinking

Researchers find shrinking market

Intelligent flash storage arrays

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.®

Internet Security Threat Report 2014

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Yes, yes, Steve Jobs. Look what I'VE done for you lately – Tim Cook
New iPhone biz baron points to Apple's (his) greatest successes
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.