UK IT market resilient despite recession says Intellect
The UK high-tech market is showing resilience despite the economic crisis.
Market data released by EITO, the European market observatory, in partnership with Intellect - the voice of the UK high-tech industries - shows modest growth for the UK IT market.
IT revenues for the UK are expected to grow 1.3% in 2009, although this is lower than the increase expected before the global recession took hold.
Software and IT services are continuing to drive growth, while the telecom market is slowing down after a strong performance in 2008, said Intellect.
Earlier this week, the European Commission said the IT sector could lead Europe out of recession given the right support from member states.
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