EUROPEAN ICT MARKET POSTS RECORD GROWTH IN 1999.

• Position: Industry Trend or Event - Brief Article

The European information and Communications technology (ICT) market posted record growth in 1999, according to a study by the European Information Technologies Observatory (EITO). Turnover in the sector in Western Europe increased by 12%, far in excess of the global growth rate of 9.3% and the rates for Japan (3.3%) and America (8.1%). The European ICT market represents 31% of a global market estimated to be worth Euro 1,593 billion. The United States holds a 35% share of the market and Japan 11%. For 2000, EITO experts are predicting a growth rate of 10.6% and turnover of Euro 520 billion, and for 2001, growth of 8.9% and turnover of Euro 566...