ICT Investment Trends in the UK: Data protection and recovery form the core of enterprises’ IT investment strategies
Rising exports and robust consumer spending is putting Britain back on its feet, reversing fears of a slowdown experienced last year due to the Brexit vote. Furthermore, ever since the EU referendum vote, a number of the world’s leading technology companies such as Google, Facebook, Apple and Snap are demonstrating their long term commitment to invest in London by opening new offices, thereby indicating a brighter outlook for trade and ICT investments in the coming months.
The high-visibility impact on Britain’s National Health Service by the malicious software WannaCry, has made UK enterprises more worried about exposing their data to further breaches and cyber-attacks, thereby compelling organizations across industries to strengthen their IT architecture and focus on data protection and recovery models.
Moreover, survey finds that enterprises in the UK allocated a major proportion of their average ICT budget to network and communications equipment, software licenses, application services, and network services in the respective domains of hardware, software, IT services, and telecommunications. Even amidst a range of various cyber-attacks, the survey shows that enterprises are investing in disruptive technologies such as IoT and cloud solutions. However, they are also prioritizing investments in security products in the form of sophisticated access control technologies such as identity & access management (IAM) and backup & archive to secure their IT assets.
The report ICT Investment Trends in the UK illustrates the core technologies that enterprises are investing in, including IoT, cloud computing, business intelligence, and security products. The survey also highlights the approach to purchasing technology adopted by enterprises in the UK.
In particular, it provides an in-depth analysis of the following -
- How ICT budgets are set to change in 2017 in terms of their overall size.
- Allocation across the core elements of IT spend, including hardware, software, services, communications, and consulting.
- Distribution of ICT money in areas such as the networks, applications, service desk, and data centers.
- Which ICT functions UK enterprises are interested in outsourcing?
- UK enterprises’ investment priorities based on their budget allocations across core technology categories such as IoT, cloud computing, business intelligence, and security products.
- Factors that are influencing UK enterprises’ investments in each technology category.
- How UK enterprises’ IT budgets are currently allocated across various segments within a technology category.
- UK enterprises’ distribution of their ICT budget across various segments within a technology category.
- Vendor satisfaction ratings for various core and advanced technology categories.
- Insight into UK enterprises’ preferred buying approaches.
- Business objectives that UK enterprises are looking to achieve through their IT investment strategies.
- Factors that are influencing UK enterprises’ decisions to select an ICT provider.
Companies mentioned in this report: Microsoft, Cisco, IBM, Apple, Google, Adobe, Amazon Web Services, EMC, HPE, Information Builders, Check Point, McAfee, Clearswift.Scope
Reasons to buy
- Enterprises in the UK are looking to increase their total ICT budget in 2017, indicating organizations’ persistent need to provide unconventional and innovative ways to meet the demands of the digital savvy consumers.
- UK enterprises are currently embracing cloud solutions to cut costs and increase scalability.
- UK enterprises are relying on the decisions of the top level management for the purchase of network and security solutions, to provide network and endpoint security on all devices.
- Understand how the UK enterprises ICT landscape is set to change in 2017 to prioritize your target market
- Comprehend how ICT money are being allocated by UK enterprises in specific geographies and size bands to improve your market penetration
- Make effective business decisions by recognizing the opportunities within each of the core areas of ICT spend (hardware, software, IT services, telecommunications, and consulting)
- Realign your sales initiatives by understanding the current strategic objectives of UK enterprises
- Enhance your market segmentation with the included, detailed breakdown of opportunities within selected technology categories (IoT, cloud computing, business intelligence, and security products)
- Prioritize your focus areas by understanding which factors are influencing UK enterprises’ decisions when selecting an ICT provider
- Understand the changes in customers’ priorities and identify the business objectives that UK enterprises are looking to achieve through their ICT investment strategies
- Key findings
- Key implications for ICT vendors
- Burgeoning cybercrimes and malware attacks are compelling UK enterprises to tighten their security measures and strengthen their IT infrastructure in 2017
- Survey demographics
- UK enterprises are keen to invest in various ICT domains to meet the demands of digitally savvy consumers
- UK enterprises are focusing on increasing their investments in software
- Network and communications equipment constitutes a major share of the hardware expenditure among UK enterprises
- Software licenses are garnering the highest attention among UK enterprises
- Application services are dominating third-party IT services expenditure among UK enterprises
- Investments in network services constituted a major proportion of UK enterprises' telecommunications budgets
- SaaS is the most favored cloud computing solution among UK enterprises
- UK enterprises are keen to deploy the private cloud model in order to secure their enterprise data
- Investments in data centers are grabbing a major share of the total ICT budget among UK enterprises
- Infrastructure outsourcing is the most popular outsourcing function among UK enterprises
- Investments in telematics and RFID and constrained application platform are gaining the highest traction among UK enterprises in the next two years
- Microsoft leads the list of IoT vendors among UK enterprises
- Hybrid cloud is set to gain significance among UK enterprises through to the end of 2018
- IBM is the top cloud vendor for UK enterprises
- UK enterprises are focusing on increasing their investments in various business intelligence technologies in order to increase their agility and performance
- IBM leads the list of BI vendors among UK enterprises
- UK enterprises are set to increase their investments in data loss prevention solutions in the next two years
- Dell is the most popular security product vendor among UK enterprises
- Increasing customer satisfaction is the most important business objective influencing UK nterprises' IT investment strategy
- Industry expertise and leading-edge technology are the most important criteria for selecting an ICT provider for UK enterprises
- Top level management take the key decisions relating to the purchase of network and security platforms among UK enterprises