European IT Spending Forecast, 2021-2025: The Role of Technology in Shaping the Future Enterprise

This IDC Market Forecast analyzes European IT spending between 2020 and 2025 as well as provides a market size, forecast, and key trends supporting technology investments by industry. This IT spending forecast is segmented by IDC's 20 standard vertical markets: banking, insurance, securities and investment services, discrete manufacturing, process manufacturing, retail, wholesale, professional services, personal and consumer services, healthcare provider, transportation, telecommunications, media, utilities, construction, resource industries, federal/central government, state/local government, education, and consumer."Companies in Europe are adjusting their processes to mitigate disruptions, accelerate their digital resilience, and fit in the new normal. 2021 proved to be a crucial year for IT as companies in Europe are investing in technology to transition from traditional workplaces to hybrid models. Companies must become more agile and adequate in their operations and culture by addressing employee mobility, secure remote collaboration, and virtualization needs. This will spur investments in tech-driven transformative processes that will enable businesses to succeed in a digital-first world," said Andrea Minonne, senior research analyst, at IDC U.K.