Europe IT & Technology Sectors : A Company and Industry Analysis (January 2008)
Mergent, January 2008, Pages: 36
This report updates the previous European IT and high technology report, focusing on the markets in France, Germany, Italy, Netherlands, Sweden and the United Kingdom
Current Environment - Key Points
- After a strong performance in the first half of 2007, freshly renewed business confidence in the European ICT sector received a hard reality check, as global markets were shaken by the crash of the US subprime loan sector in the third quarter
- European IT and high-tech sectors continued to do well but there were signs of slowing growth across key market segments by the end of the fourth quarter, as economists scaled back earlier economic forecasts for North America and Europe
- Leading companies reported mixed financial performances as profit growth in key market segments became increasingly difficult
- SMEs were being increasingly wooed by ICT players in North America and Europe and are likely to play a significant role to stimulate for industry growth and innovation
- Towards the end of 2007, performances of leading regional tech indexes remained mostly mixed, reflecting the turbulent global market conditions in 2007 and the increasingly uncertain outlook for the region's economy in 2008
Industry Profile - Key Points
- In the first half of 2006, EU ICT manufacturing activity and turnover in EU ICT services grew strongly, nurtured by the continuation of robust economic growth trends from 2006
- The EU Parliament recently approved important funding for Galileo, a long-delayed satellite navigation system project to rival the US-owned global positioning system (GPS) and for the establishment of the European Institute of Innovation and Technology (EIT) to complement existing EC and national policies and initiatives
- A total of -1.029 billion (US$1.503 billion) has been allocated for research and technology development in 2008 under the EU 7 th Framework Program (FP7)
Under FP7, a total of -9.1 billion (US$13.3 billion) has been allocated for ICT
- R&D expenditure as a percentage of GDP in the EU is at worryingly low levels
If current investment trends persist, China will have caught up with the EU by 2009 in terms of R&D intensity
Market Trends and Outlook - Key Points
- The European economy is likely to experience a slowdown in 2008 as a result of the US subprime crisis
It is uncertain how well the European ICT sector will weather the turbulence as the region braces for the impact which is predicted to peak sometime in the second half of 2008
- Convergence continues to be a very strong theme in the global ICT industry
Recent market activity suggests that market interest and activities in the mobile and social web segment is likely to significantly increase in 2008
- ICT convergence holds much potential to help make energy consumption in households and enterprises more efficient and cost-saving.
Current Environment - Sector Overview - Key Market Segments and Leading Companies - Sector Performance - Mergers, Acquisitions and Alliances Industry Profile - Industry Overview - Sector Investment - Research and Development Market Trends and Outlook - An Uncertain Outlook for the European ICT Industry in 2008 - Will 2008 be the Year of the Mobile and Social Web? - ICT Convergence Plays Significant Role to Promote and Enable More Efficient Energy Consumption Country Profiles - France - Germany - Italy - Netherlands - Sweden - United Kingdom Currency Conversion Table Scope of this Report Key References Comparative Data Reports Coverage
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