Forecast Report

European Tech Market Outlook For 2019 To 2020

Continued Weak Economic Growth Holds Back The Value Of Technology

October 9th, 2019
Andrew Bartels, null
Andrew Bartels
With contributors:
Matthew Guarini , Pascal Matzke , Audrey Hecht

Summary

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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