Bulletin

Boom time for UK technology sector

Technology

UK tech firms are forecast to grow four times faster than GDP this year, with the ICT reseller channel at the vanguard of market expansion. In Barclays' Fast Growth Tech survey, ICT business leaders predict an average 11% growth with some expecting growth of over 20%. Sean Duffy, MD and Head of Technology, Media and Telecoms at Barclays, said: 'These predictions reveal the optimism and drive of the UK's tech sector and there is no doubt that the channel will continue to play a significant role within the overall tech industry's impressive growth. Strong growth factors for the comms and IT channel are largely driven by its clients being willing to invest in more efficient and scalable solutions that not only increase efficiencies for the end user, but also provide an improved return on investment for their company.'

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

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