Business

Pandemic has led to ‘noticeable’ IT opportunities, says Gerald Edelman

The report showed that many companies’ pre-existing IT infrastructure was not designed to handle the shift to remote working, resulting in increased demand for new IT and digital development services

The increased use in cloud computing and digitalisation has created noticeable IT operator opportunities, according to the latest IT industry report by Gerald Edelman.

The report showed that many companies’ pre-existing IT infrastructure was not designed to handle the shift to remote working, resulting in increased demand for new IT and digital development services.

Whilst the pandemic has “stunted” recent growth in the industry, the report detailed how an increasing drive towards cloud computing and digitalisation is opening up many new market opportunities for operators, with the market size for 2021 already rising to £129.5bn from £114.2bn the previous year.

However, industry demand is expected to stall in the current year as many firms freeze hiring initiatives and furlough workers, with the firm forecasting a dip in revenue to £15bn.

Looking forward, with continued investment into transformational digital technologies and cloud computing, the accountancy firm has predicted a surge in the sector over the next five years, with many new opportunities becoming available for IT services operators.

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