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European Tech Market Grows at a Sluggish but Steady Pace

Thursday, August 17, 2017

Forrester’s latest European tech market forecast projects that growth will be sluggish but steady in the coming few years. Purchases of technology software, hardware, and services by European businesses and government measured in Euros will hold steady at 1.6 percent in 2017, and increase to 2.2 percent in 2018 while spending on software and tech consulting services will do better, with software spending rising by 2.5 percent in 2017 and 3.5 percent in 2018. Three main factors have contributed to the figures, sluggish growth in the Eurozone, slow adoption of cloud technology and services and strong adoption of business technology contributed to the steady pace of growth.

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