IT & Telecom Spend to Still Rise by 30%.
IT & telecom spend as a % of turnover is forecast to decline for information services companies. Nevertheless, IT & telecom spend itself will increase by 30% between 2014 and 2019. Over the same period, however, turnover is expected to advance by 40%.
The spend to turnover ratio for information services companies will continue to be well in excess of 10%. This is 5 times that for all UK organisations which hovers around 2.5%.