Nordic countries spearhead European IT spend to reach new heights - IDC

ICT spending in Europe is set to grow 4.2 per cent year on year and reach $1.2tn in 2023. According to IDC's Worldwide ICT Spending Guide: Enterprise and SMB by Industry, spend will then surpass $1.4tn by 2026, posting a 5.4 per cent compound annual growth rate (CAGR) over the 2021-2026 period. The UK and Scandinavian countries will be amongst the main drivers of this growth, according to the analysts. Meanwhile, Russian ICT spend is forecast to shrink by 9.4 per cent year on year, d...