The Europe IT & High Technology Sectors : A Company and Industry Analysis (January 2006)
Mergent, January 2006, Pages: 36
This reports looks at the information technology industries in Europe, with a special focus on France, Germany, Italy, the Netherlands, Sweden and the United Kingdom
Current Environment - Key Points
- The European IT and high-technology sector failed to make the most of a global surge in demand in 2005, with productivity and market growth levels weighed down by subdued economic outlooks, high unemployment and higher oil prices
- Nevertheless, the ICT market in the European Union (EU) grew by 2.9% in 2005 to a total of -614 billion (US$727.5 billion), more than double the increase for the EU economy as a whole, with the new EU member states from Central and Eastern Europe showing the highest rates of growth
- Key European tech indexes took a downward turn in the third quarter, mirroring a drop in national indexes, which slumped on prospects of higher energy prices, stronger inflation and continued concerns over sluggish economic growth
- However, an analysis of selected European and US IT and high-tech indexes shows that during 2005, European tech stocks grew faster than their US counterparts
- High levels of M&A activity involving content, media and IT services companies are likely to carry over into 2006, led by telecommunication companies venturing into higher margin market segments
Industry Profile - Key Points
- The EU is the second largest ICT market in the world after the US, worth an estimated -614 billion (US$727.5 billion) or 30.1% of the global market in 2005
- European companies have grown increasingly concerned that Asian competitors are expanding into Europe and globally at their expense
The limited share of the IT industry in Europe's economy means that the industry's ability to reach the scale of production and market necessary to compete with US and Asian companies is restricted
- The growth of R&D investment as a percentage of GDP has been slowing since 2000, setting Europe on track to miss its self-set goal of boosting R&D to 3% of GDP by 2010
- The London bomb attacks in July and bombings in Madrid in 2004 have given added impetus to ICT network security and legislative issues
Market Trends and Outlook - Key Points
- The convergence of the IT and telecommunications industries is driving market growth and innovation in broadband and internet protocol (IP), digital television (DTV), wireless technologies, and multifunctional and multiplatform access terminals
- The confluence between the telecommunications, media and IT sectors is acting as both a cause and effect of demand for and innovation in IT hardware, software and services
- The use of the internet is projected to grow even further over the next few years, and is changing IT software and service delivery models
Current Environment
- Sector Overview
- Market Segments and Leading
Companies
- Sector Performance
- Mergers, Acquisitions and
Alliances
- IPOs
Industry Profile
- Industry Size and Value
- Europe Losing IT
Competitiveness
- Research and Development
- Sector Investment
- Policy and Regulatory
Environment
Market Trends and Outlook
- Convergence Driving ICT
Innovation
- Telecommunications to
Continue to Spur IT Growth
- Demand for Integrated Circuits
and Semiconductors to Increase
- The Internet is Changing
Software and IT Service
Delivery Models
- Data Recovery and Network
Security Market to Grow,
Raising Privacy Concerns
- Cross-Industry M&A Likely to
Increase
- Market Outlook
Country Profiles
- France
- Germany
- Italy
- Netherlands
- Sweden
- United Kingdom
Currency Conversion Table
Scope of this Report
Key References
Comparative Data
Regional Reports Coverage
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