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UK Computer Market Market Review 2002

  • ID: 3919
  • January 2002
  • Region: United Kingdom
  • Key Note Ltd
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Market Size AND Trends
The Total Market
The UK computer market grew by 4.6% in 2001, to a value of £60.94bn. The market saw its rate of growth decline in both 2000 and 2001, with an especially sharp scaling-back in IT expenditure in the latter year. The slowdown in spending was felt particularly in the hardware sector and in project-related IT services.

Four factors led to this reduction in growth:

Companies cut back sharply on their IT spending after 3 years of heavy expenditure to cure the Millennium Bug. Upgrade projects were brought forward during the period from 1997 to 1999, resulting in less new work in 2000 and 2001.
The UK economy was hit by a worldwide economic slowdown.
The financial problems besetting the telecommunications and financial-services sectors led these traditional heavy investors in IT products and services to scale back their expenditure plans.
The bursting of the `dotcom bubble' had a major impact on e-business development.
The largest sector of the market remains computer services, followed by personnel costs, hardware, software and network charges.

Hardware
In 2001, the UK market for computer hardware contracted READ MORE >

Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown

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