target audience: TECH SUPPLIER Publication date: Feb 2023 - Document type: Market Presentation - Doc Document number: # EUR149441023
European Digital Business Quarterly Update: 4Q22
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Abstract
This IDC Market Presentation provides an overview of digital business developments in Europe in 4Q22. It covers news, significant deals, policy announcements, regulatory actions, emerging technology developments, and investments that could impact markets locally and regionally. Companies featured include Akita, Arrival, Atos, AWS, British Telecom, CGI, Getir, Google, Gorillas, London Stock Exchange Group, Maersk, Mercedes-Benz, Meta, Microsoft, Sage, Siemens Healthineers, Spherics, TAP, TCS, Three, and Vodafone UK.
It also highlights results from IDC's European Tech Sentiment Update, which examines end-user sentiment around major concerns and IT investments. The addition aims at providing an understanding of market sentiment given the macroeconomic forces at play.
"4Q22 results show a positive view, with a stable number of organizations planning to maintain investment levels or increase them. IT investments are resilient despite strong challenges faced by organizations in the past year and there are no strong signs yet of budget cuts for 2022 or 2023," said Erica Spinoni, European Digital Business Practice. "In this context, rising energy prices are becoming a financial burden for EMEA organizations. However, to respond to this pressing challenge, organizations are accelerating IT investments in energy-efficient initiatives, reducing their energy consumption as well as their dependency on energy coming from the grid."