TECH SUPPLIER May 2023 - Market Presentation - Doc # EUR150288723
EMEA Vertical Pulse Report, 1Q23: Dealing with a Potential Recession
Abstract
This IDC Market Presentation is part of the EMEA Vertical Pulse series for 2023. It highlights an updated view of the comparison between the IT landscape and the economy in the light of potential recession by leveraging data from wave 2 of IDC's Future Enterprise Resiliency and Spending (FERS) Survey in March 2023.
"The scenario projected by European respondents for 1Q23 is negative overall, with 56% of respondents expecting a recession for 2023. The general perception is that a downturn is coming in the first half of 2023, but for macro-industries such as telecom/media/business services and Retail/wholesale/transport, we are already in the middle of a downturn," said Martina Longo, senior research analyst, IDC's European Verticals Strategies.
This report also includes a business sentiment index for the first months of 2023 to evaluate industry perceptions of their market of reference across EMEA. "As organizations anticipate an economic downturn this year, the business sentiment index in EMEA is mostly negative across industries. Despite this, IT spending will continue to grow as businesses expect tech investments to translate into competitive advantage," said Barbora Pavlikova, research analyst for IDC's European Data and Analytics.
This report concludes with a deep dive on each industry of the impact of current macroeconomic uncertainties on technology initiatives and provides key recommendations for tech vendors.
Coverage
Subscriptions Covered
European Verticals: Use Cases and Strategies
Regions Covered
Central and Eastern Europe, Middle East and Africa, Western Europe
Topics Covered
Global IT and economic markets
Content
- 23 slides
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