Friday , January 22 2021

Brexit slows IT spending in EMEA

Expenses for Global IT (IT)

by AKANI CHAUKE in Johannesburg, South Africa
– Expenditure on information technology in the regions of Europe, the Middle East and Africa (EMEA) is projected to reach $ 973 billion in 2019.

This represents a 2% increase in estimated spending of $ 954 billion ($ 13.68 trillion) in 2018.

This is in line with Gartner's forecast, the global research and consulting company.

"2018 is not a good year for IT spending at EMEA," said John Lovelock, vice president of research at Gartner.

He said growth of 5.8 percent in 2018 included a 4% currency behind the currency, which led to an increase in the value of the euro against the United States dollar.

Lovelock said spending in the IT sector at EMEA has stuck and will remain so until the unknowns around Brexit are resolved.

Brexit is a short portmanteau of the British exodus from the European Union.

"Until then, the slow growth of the EMEA's overall market covers declining growth rates in all parts of the region," said Lovelock.

Brexit seems to slow the growth of IT spending in the EMEA.

Lovelock said the UK is not expected to see an increase of more than 2% by 2020, which has a downward impact on the average of EMEA's IT spending throughout the forecasting period.

– CAJ news

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