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For CIOs

European Tech Market Outlook For 2019 To 2020

Continued Weak Economic Growth Holds Back The Value Of Technology

October 9, 2019

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Why Read This Report

European CIOs should expect more challenging economic conditions in 2019 and especially in 2020, which will constrain tech budget growth. CIOs in the UK and Italy should brace for tech budget cuts: There is a very real prospect of a no-deal Brexit, which will shock the UK economy, while Italy is likely to slip into a mild recession. This will dampen economic growth and tech markets elsewhere in Europe. European CIOs must balance investments in business technology (BT) with the need to upgrade their back-office systems to cut business costs.

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Table of Contents

  • Europe's Underperforming Tech Market Will Worsen Through 2020
  • Brexit Threatens Already Shaky European Economic And Tech Growth
  • BT Continues To Lead The Way, But Less So
  • Cloud Isn't Affecting Tech Spending As Much As It Is In The US
  • Unfortunately, Downsides Weigh Heavily On Our European Forecast
  • Recommendations

  • European CIOs: Be Selective In 2019 And Cautious In 2020
  • Supplemental Material
  • Related Research Documents

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