According to economists of the largest Dutch banks the bulk of the sectors in size again equal to or even greater than before the crisis. ING sees “robust growth” in most sectors and ABN AMRO notes that business confidence in four years has not been so high. The most spectacular climber (+25 percent) of recent years, IT services, various Dutch media report that
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This statement requires some qualification. The peak of 25 percent growth in IT services, as mentioned in the forecast Sectors of the Economy and Economic Office ABN AMRO, revolves around volumes. Like the Central Bureau of Statistics ABN AMRO adds, IT service providers and software companies thereby combined. This last segment is doing great. Both in terms of volumes and expenditures.
Recovery
“So you see that in recent years during the recovery especially software companies relatively well done,” explains Steven Peters, sector banker Technology , Media and Telecom at ABN AMRO out to Computerworld.
“Compared with 2008, there is in the sector consisting of IT services and software companies talk of a volume growth of 25 percent measured over the entire period. In April we found that IT services showed a modest recovery. In this new update, we see again that software companies continue to do well. What myself brand from interviews with market is that demand has picked up, there are a lot of IT investment. “
The software figures are therefore on the rise, so also confirms association Netherlands ICT. Last year, though spending rose by 5.3 percent and for 2015 growth up to 8.3 percent, representing a total of nearly 6.9 billion.
It is the consequences of the shift to the cloud, which opens up new markets and various segments grow. The most notable growth is in IT security and virtualization solutions, with an increase in spending of 13.4 and 13.8 percent respectively
Services remains
This year does not apply to the segment of IT services. According Netherlands ICT is even the only segment that does not expect increasing spending in 2015. Total expenditures decline by 0.4 percent to a tiny 5.8 billion euros. This decrease is entirely due to a decrease in spending on sourcing and outsourcing.
Where we do get the volume growth of 25 per cent come from? ABN AMRO economists being here earlier on. “This new business activity is primarily caused by strong growth in the number of self-employed. Many IT workers who lost their jobs in mass layoffs in IT service in 2012 and 2013, started for themselves,” reads the Vision Sectors 2015 the bank.
Well so is showing a moderate recovery. IT service booked after two bad years revenue growth, albeit by only 1 percent. For where software companies operate globally via cloud computing, IT service providers particularly active in local or national markets. Furthermore, they rely on traditional customization and on-premise services.
Forrester looks at European level tech spending in 2015 to grow by 5.4 percent. In 2016 this is expected to grow again by 4.1 percent. More spending on mobile apps, analytics and big data, customer-facing applications and the implementation of these software products are the basis.
Software wins the World
“Los service you see that all sectors grow. Software is doing very well and takes the service somewhat along in its wake. Still, it remains difficult to compare in terms of spending with the market in 2008, “adds Tim Toornvliet from Netherlands to ICT.
“We measure the meantime else [Netherlands ICT holds samples of ICT users with both the expenditure and the measurement expected expenditure for the following year] so numbers one by one can not compare. But still true what internet entrepreneur Andreessen years ago observed: software is eating the world “
According to ING businesses invest more in machinery, software and computers.
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