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News

 

Monday 17 July 2017

**NEW RESEARCH** Brexit Survey 2017: The Results

Brexit Survey ReportLast month, in the week following the general election, we launched our Brexit survey. Today we can share the results.

As we discussed in our recent reports: Brexit: The Implications and UK SITS Market Trends & Forecasts 2017 there is still a great deal of uncertainty about what Brexit will actually mean. The results of this survey clearly show how this uncertainty is having an impact on UK technology suppliers.

With nearly two years of negotiation ahead of us, short and medium term planning is challenging. For many suppliers, particularly those in the public sector, the lack of clarity is leading to delays in decision making and orders taking longer to complete.

Companies will not find it as easy to plug skills gaps if they no longer have ready access to skilled EU workers. Comments from respondents suggest that businesses are already exploring the potential for EU-based offices and increasing offshoring more generally.

In our recent forecasts, we have taken the view that, as we approach March 2019, we will see an uplift in software and IT service opportunities. Investment will be required in designing processes and systems to meet the needs of the post-Brexit world. These are views shared by many of our respondents. Although a relatively small proportion of respondents saw Brexit as an opportunity between now and the end of 2017, they were much more optimistic about the year following March 2019.

Uncertainty is damaging and Brexit will bring significant challenges, but it’s not all doom and gloom; there will be opportunities and we may well see a more digitally-focused UK emerge from the process.

Brexit: the impact on UK SITS suppliers is available for all subscribers to download now.

For further information on becoming a client, please contact our Client Services team.

Posted by Dale Peters at '09:25' - Tagged: research   brexit   survey   referendum