Top 12 IT vendors took 30.22% of Western European retail IT

Manufacturing Insights estimates that the top 12 IT vendors accounted for approximately 30.2% of the total Western European retail and wholesale industry IT spending during 2005, while the market leader, IBM, achieved more than $2.9 bln in revenue in the sector. With an expected CAGR of 7.0% for software and 5.2% for IT services, for an overall IT spending CAGR of 4.8% from 2006 to 2010 for Western European retail/wholesale, competition is heating up as global IT vendors and best-of-breed retail solutions providers refine their vertical solution offerings, sales policies, marketing, and partnership strategies to capitalize on these opportunities.