The Information and Communications Technology (ICT) sector is somewhat resilient to the current volatility in the Global Networked Economy. Forward-thinking CEOs will continue to invest in their high-priority strategic initiatives. For example, here is a case in point on the European continent. ICT spending in Europe will reach $1.2 trillion in 2023 and will surpass $1.4 trillion by 2026, posting a 5.4 percent compound annual growth rate (CAGR), according to the latest market study by International Data Corporation (IDC). European ICT Market Development Overall European ICT spending is forecast to grow by 4.2 percent year-on-year in 2023, driven by the Scandinavian countries and the United Kingdom. On the other hand, sanctions imposed by the EU and the growing number of companies leaving Russia will result in the Russian ICT market shrinking by 9.4 percent year-on-year. "While organizations in most countries are anticipating a recession this year, the outlook for European ICT spen
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