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Economic Outlook


Western European SMBs Show Increasing Spending in Traditional IT, Thanks to DX, 3rd Platform, and IA Technology Investments, Says IDC

IT spending for the SMB market in Western Europe is expected to reach $125.3 billion in 2017, with growth of 3.4% over 2016. According to a new study from International Data Corporation (IDC), IT spending will exceed $137 million by 2021, generating a 2.5% CAGR over the 2016–2021 forecast period. In Western Europe, IT spending by the SMB market represents a third of total spending. SMBs are the heart of the Western European economic structure, accounting for more than 99% of the business population and more than two-thirds of total employment.

Apple sees strong demand for iPhone 8 and is preparing for big iPhone X launch

Preliminary data from IHS Markit shows that the global smartphone market grew by 6.1 percent year-over-year in Q3 2017, to 366 million units — up from 345 million units in the year-ago quarter. Apple grew shipments by 2.6 percent year-over-year, as the company is beginning to see the impact of iPhone 8 and the lead-in to the availability of iPhone X. The rest of the market continues to be driven by Chinese brands Huawei, Oppo, Xiaomi and Vivo, which are all showing growth.

RELEASE LINER FOR PRESSURE-SENSITIVE LABELS

AWA’s annual market update

The annual industry update on release liner for pressure-sensitive labels was given by AWA Alexander Watson Associates this year in Brussels, appropriately co-located with Labelexpo Europe. Over two extended afternoon sessions – which enabled participants to tour the show as well – presenters from leading companies across the supply chain provided, in the first session, a review of market trends and applications; and in the second session an evaluation of sustainability and recycling achievements and challenges.
The label market


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