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Tuesday 21 January 2025

*NEW RESEARCH* UK Market Outlook Update

TechMarketView’s updated outlook for the UK Software and IT Services market is available to download here. In this forecast cycle we revise the estimates published last summer to reflect market activity in the second half of 2024 and current economic conditions.

The latest data shows that vendor hopes of a significant uptick in UK SITS demand during the latterCover part of the year did not materialise. In parallel, the prospects for the domestic economy have taken a turn for the worse. While our June estimates for SITS expansion in 2024 appear to be holding true, we have downgraded our growth forecast for the next three years.

The impact of the changed prospects for UK SITS demand will not be evenly spread across the either the buy-side or sell-side communities. In our latest Market Outlook Update we take a deeper dive into the 2024 numbers, look at what’s been happening in the market since the summer, and more importantly assess how the projections for the coming years are now shaping up.

TechMarketView subscribers can read the analysis now. If you aren't a subscriber – or aren't sure if your organisation has a corporate subscription – please contact Deb Seth to find out more.

Posted by Duncan Aitchison at '08:38' - Tagged: newresearch   market forecasts  

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