Market Research Report
ICT Investment Trends in the UK - Besides technology adoption, strengthening of IT security drive ICT investments in the UK
|Published by||GlobalData||Product code||527395|
|Published||Content info||39 Pages
Delivery time: 1-2 business days
|ICT Investment Trends in the UK - Besides technology adoption, strengthening of IT security drive ICT investments in the UK|
|Published: July 27, 2018||Content info: 39 Pages||
Britain's tech sector is one of the primary contributors to the country's economy and it attracts investments from around the globe particularly because of its fast-growing and cutting-edge technologies in the areas such as artificial intelligence, cyber security, and fintech.
Even amidst a range of various cyber-attacks, enterprises are investing in disruptive technologies such as IoT and cloud solutions. However, they are also prioritizing investments in security to secure their IT assets, as the UK government is supporting its National Cyber Security Strategy 2016-2021 with an investment of £1.9 billion (approximately US$2.5 billion).
UK enterprises are keen on deploying leading-edge technologies to meet the growing security needs of IT, and are thereby investing in core areas of ICT expenditure, including hardware, software, and IT services. Moreover, UK enterprises allocated a major proportion of their average ICT budget to communication devices, enterprise applications, desktop services & user support, and broadband in the respective domains of hardware, software, IT services, and network & communications.
Likewise, improving operational efficiency is the most important business objective influencing the UK enterprises' IT investment strategy, while industry expertise and service quality are the most important criteria for selecting an ICT provider among the UK enterprises.
"ICT Investment Trends in the UK", a Customer Insight Survey report, is one of the many products in the Digital Industry product portfolio, which provides an executive-level overview of the enterprise ICT budget trends in the country. The report presents a summary of enterprise ICT investment strategy in 2017, change in annual enterprise ICT budget allocation from 2017 to 2018, enterprise technology priorities, and analysis of ICT vendors.
It provides in-depth analysis of the following -