Denmark experiences marked growth in IT investments  

IT system renewal is under way in both the private and public sectors, with total software investments for 2004 forecast to reach DKK 40 billion

Both public sector organisations and private sector businesses in Denmark are in the process of renewing their IT systems, resulting in significantly increased IT investments. Figures from Statistics Denmark reveal a 10.4% increase in IT investments in Q3 2003 compared with Q2 2003. In the first nine months of 2003, Danish software investments increased by 10.9% compared to the same period in 2002. Total software investments for 2004 are forecast to reach DKK 40 billion (USD 6.8 billion).


According to financial newspaper Børsen which reports the news, the IT industry is bubbling with optimism. Thomas Gregers Honoré, IBM Country manager for Software Group Denmark says companies are now looking to purchase new IT products. Nor is progress in IT investment limited to Denmark – there are clear signs that it is a global trend. Europe's largest software manufacturer SAP is reporting a marked upswing in revenues and is fully satisfied that the downturn in the software market has come to an end.

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