Increasing Investment in Core ICT Technologies by Enterprises to Boost ICT Market in UK

Published on : Aug 24, 2016

ALBANY, New York, August 24, 2016 – Market Research Hub has added a new report, titled ‘ICT investment trends in the UK: Enterprise ICT spending patterns through to the end of 2017’, to its offering. This report presents key findings from a survey done on 154 enterprises in the UK on the prevalent trends in investments taking place in information and communications technology (ICT). The allocation of ICT budgets done by these enterprises in the UK across primary areas such as IT services, software, hardware, consulting, and communications has been presented in detail through this study. Furthermore, the study presents suggestions to service providers and ICT vendors on how to provide their solutions to UK enterprises.

The report starts by presenting a detailed section on the trends prevalent in ICT budgets in the UK. This section presents highlights on the changes seen in the ICT budgets in 2016 and their expected size by the end of 2017. As per the report, UK enterprises are in support of making investments in newer ICT segments for augmenting their productivity and growth. As per the study, enterprises in the UK are looking to expend on their security services and products in 2016. This is being done so as to prevent the increasing cyber-attacks and malware.

Next, information on the breakdown of hardware and software budgets has been presented. As per the study, enterprises in the UK are spending huge amount of money on a number of telecommunication domains so as to enhance real-time IP-based services such as audio and video conferencing. These enterprises focus on presenting low latency and high-bandwidth services for reducing their downtimes and increasing staff productivity.

In the next part, the report presents the ICT money spending in areas including applications, networks, data centers, and service desks. In addition, the rating of vendors on numerous advanced and core technology categories is encapsulated in this section of the report. Furthermore, the IT and business objectives that the enterprises in the UK are planning to accomplish with their strategies in IT investments form an integral part of this section of the study.

The report helps in understanding what changes UK enterprises dominant in the ICT landscape will face from 2016 to 2019 and their impact on the economy of the UK. The allocation of ICT budgets by these enterprises in particular areas in the UK has also been analyzed in this study. The upcoming players are able to better penetrate in their area of choice owing to the in-depth opportunity breakdown mentioned within technology categories such as business intelligence, cloud computing, and security products.

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The emerging players can customize their areas of focus by analyzing the factors that are influencing the decisions of the UK enterprises while making a choice on the ICT provider. At the end, the IT and business objectives that enterprises in the UK are targeting with the help of their strategies in IT investment are described in the study.

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