TECH SUPPLIER Feb 2021 - Market Perspective - Doc # EUR147181621

Brexit in Action: How the Trade and Cooperation Agreement Affects the U.K. And European Digital Landscape

By: Luca ButinielloResearch Analyst, European Customer Insights & Analysis

Abstract

This IDC Market Perspective provides an overview of the potential impact on the digital market of the Trade and Cooperation Agreement between the U.K. and Europe. The key elements of the deal and their effects on ICT spending are discussed, providing a picture of the consequences on firms and the most exposed technology areas. To better understand the effect on sectors and identify the main sources of risks or opportunities, a breakdown by industry is provided. The study concludes with recommendations on how to cope with the new deal in place and prepare for further agreement details that will follow.

"Although the agreement represents an important milestone for the two regions' future relationship, multiple aspects require further clarification. These uncertainties, together with several obstacles to maintaining smooth economic relations with the European Union, are affecting the U.K. and European digital landscapes, with nuances across tech areas and industries," said Luca Butiniello, research analyst, IDC European Customers Insights & Analysis.


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