Boston, MA -- (SBWIRE) -- 11/17/2014 -- We have a positive medium term outlook against other developed markets, as t he UK government has sought in recent years to strengthen the UK's position as a hub for innovation, which has begun to yield some results in areas such as the app economy and there are promising signs for growth of emerging technologies such as datacentres and cloud services and Big Data that are subject to government support. However , we continue to point to significant downside, as spending is squeezed by fiscal austerity measures, fragile business and consumer confidence and a decline in desktop and notebook shipments. Furthermore, the failure of high profile public IT projects in recent years has heightened public scepticism about further projects and resulted in much tighter scrutiny of spending. The result of these trends is a forecast for UK IT spending to increase 3. 4 %, to GBP 57.8 bn in 2014.

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Headline Expenditure Projections:

- Computer Hardware Sales: GBP19.9bn in 2013 to GBP20.4bn in 2014, +2.7% in local currency terms. A boom in tablet sales has offset the decline in purchases of desktop and notebooks but with the tablet market heading towards saturation growth will decelerate from 2014.

- Software Sales : GBP12.4bn in 2013 to GBP12.9bn in 2014, +3.5% in local currency terms. OS upgrades with the withdrawal of Microsoft support for XP in April 2014 has boosted demand, but there is faster growth in areas such as security solutions and big data analytics.

- IT Services Sales: GBP23.5bn in 2013 to GBP24.5bn in 2014, +4.3% in local currency terms. The high level of IT services adoption among public institutions means growth will increasingly be driven by the enterprise sector in the UK.

Key Trends And Developments

One feature of the UK market that differentiates it from other large European markets such as France and Germany is the larger size of its outsourcing market. The latest figures from research firm ISG show that UK business spent a...

The United Kingdom Information Technology Report features Business Monitor International (BMI)'s market assessment and independent forecasts covering personal computers and software; semi-conductors, memory chips, integrated circuits and general components; the internet and IT solutions. It analyses analyses regulatory changes (licensing, customs and intellectual property protection) and competitive landscapes comparing IT companies by products, sales, market share, investments, projects and expansion strategies.

BMI's United Kingdom Information Technology Report provides industry professionals and strategists, corporate analysts, IT associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the IT industry in United Kingdom.

Key Benefits

- Benchmark BMI's independent IT Industry forecasts for United Kingdom to test other views - a key input for successful budgetary and strategic business planning in the British IT market.

- Target business opportunities and risks in United Kingdom's IT sector through our reviews of latest industry trends, regulatory changes, and major deals, projects and investments in United Kingdom.

- Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering IT, regulatory changes, major investments and projects and significant national and multinational company developments.

Regional Overview

Cross-border analysis of regional markets, commenting on IT penetration (PC and internet) and market growth drivers (IT market size and IT market compound growth).

Country Market Overview

Structure, size and value of the industry sectors including hardware, software and services; overview of the industry landscape and key players; assessment of the business operating environment and the latest regulatory developments and government authority.

BMI Industry Forecasts

Historic data series and forecasts to end-2018 for all key industry indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:

IT Sector: IT industry value (US$bn); IT sector contribution to GDP (%); value of hardware, software and services industry (US$mn); PC, peripherals and software imports and exports (US$mn); PC, peripherals and software sales (US$mn); number of PCs (`000); PCs/100 inhabitants; internet users (`000); internet users per 100 inhabitants; broadband subscribers (`000); broadband subscribers per 100 inhabitants.

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