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IDC finds IT spending still cautious in Western Europe, but opportunities exist for vertically-focused vendors.

Publication: M2 Presswire
Publication Date: 31-AUG-05
Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-31 August 2005-IDC: IDC finds IT spending still cautious in Western Europe, but opportunities exist for vertically-focused vendors(C)1994-2005 M2 COMMUNICATIONS LTD

RDATE:31082005

MILAN - A new survey from IDC's European Vertical Markets group finds that Western European...

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...companies are continuing to take a cautious approach to IT investment in 2005. While 32% of the companies surveyed will increase the IS budget this year, only 22% will increase the share of external spending. The trend of external spending not keeping pace with gains in the overall IS budget is particularly evident in banking. The survey also found that value-added resellers will...

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