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General

ABN Amro positive on IT, content sector growth, telecom weak

Tuesday 28 March 2017 | 10:46 CET | News
The Dutch IT sector is expected to grow by 4.5 percent in 2017 and 3.5 percent in 2018, led by demand for digital transformation and cloud services at businesses. According to ABN Amro's latest report on the TMT sector, growth has slowed from an estimated 7.1 percent in 2014 and 9.5 percent in 2016, reaching just 2.9 percent in 2016. While demand is sufficient, the IT sector suffers from the shortage of qualified staff as well as price pressure. The investment bank was less positive on the outlook for the telecom sector. Revenues in this area have fallen by 18 percent since 2008, as the

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Categories: General
Companies: ABN AMRO
Countries: Netherlands
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