Charlie Taylor, editor of Connected Magazine in Ireland, uses his editorial column to show "while Europe has been something of a laggard in terms of tech spending in recent years, the latest forecast shows it is all-change in 2025.
“Tech spend on the continent is set to grow by 5 per cent, exceeding $1.5 trillion for the first time in 2025. Software and it services are expected to account for a whopping 78 per cent of tech spend in Europe by 2029–up from 68 pre cent in 2016–as enterprises increase spending on cloud, security, generative AI and the digital economy. According to Forrester, more than 10 per cent of European tech spend comes from financial services, media and information, and professional and business services."
Europeans need to increase investment above €750 billion annually (5% of EUGPP) to keep abreast US spending.
Charlie Taylor is bsky.app/profile/c…