IT outperforms UK economy
Decade ended 2002 sees above-par growth from technology sector
The UK IT sector grew faster than the general economy over the decade ended 2002, according to figures from the Office of National Statistics (ONS).
Between 1992 and 2002 the sector grew by 104 per cent, compared with 69.6 per cent for the economy as a whole, contributing £61.8bn to the overall economy.
Within IT, services performed by far the best, growing by almost 300 per cent over the decade and accounting for £25bn in 2002.
"Throughout the 1990s, the rapid growth in both ICT production and investment was an important contributor to UK economic growth and productivity growth," said the ONS paper, UK Input-Output Analysis 2004.
Glenn Morrison, managing director of reseller Upgrade Options, said the contribution made by IT services shows the importance of the channel. But he warned that a small number of big players are dominating deals.
"A large amount of money is going to bigger consortia and technology groups and smaller resellers are fighting for the scraps," he said.