This IDC study focuses on vertical markets' IT budget dynamics into 2013. It draws on the results of IDC's European Vertical Market Survey, carried out between August and October 2012 in the top 5 Western European countries (France, Germany, Italy, Spain, and the U.K.) among 1,603 companies with more than 20 employees. Results are provided for total Western Europe for the following vertical markets: financial services, discrete manufacturing, process manufacturing, telecom/media, utilities/oil and gas, retail/wholesale, professional services/transport, healthcare, and government.
"Survey results show that in 2013 external IT budgets in telecom/media and utilities/oil and gas will grow faster than average, while other sectors confirm to be still heavily engaged in containing IT costs down, for example, the public sector. However, in consideration that the business outlook for Western European companies remains largely uncertain, it is crucial to assess country specificities, as there is an ever stronger polarization of IT budgets from a country perspective," said Nina Bonagura, senior research analyst, IDC European Industry Solutions. "Indeed, in countries where business confidence is extremely fragile — Italy and Spain in particular — companies which already started making cuts in 2012 are more likely to continue to be more cautious than other Western European counterparts in the year ahead."