The UK will overtake Germany as Europe's largest market for information and communication technology in 2005
12.03.2004 - CCL NEWS

The UK will overtake Germany as Europe's largest market for information and communication technology in 2005, according to a new study from Forrester Research.

The analyst group predicts that the UK's ICT market will have grown to 138.2bn euros by 2005, compared to 133bn euros in 2002. In contrast, Forrester believes that the German ICT market will be worth 138.1bn euros in 2005, and will actually fall to 136bn euros this year compared to 138bn euros in 2002.

Forrester predicts the UK's software market will overtake Germany's this year, as did its IT services market in 2001. Germany is expected to still be spending more than the UK on both hardware and telecommunications services by 2007 -- the limit of Forrester's projections at this time -- though.