Austria Information Technology Q1 2021
The core scenario is for a rebound in Austria's IT market in 2021 that will be generated by the deployment of a vaccinethat repairs business and consumer confidence and unlocks higher levels of investment and consumption. There will also bemomentum provided by the experience of the pandemic on firms, which has accelerated digital transformation initiatives andgenerated demand for operational resilience that will continue to boost cloud adoption over the medium term. Uncertainty ishowever still elevated, with the highest impact risk being the potential for a second national lockdown in winter 2020/21, whichwould require a further substantial downward revision to the forecast.
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