EU IT market will grow 2.4% in 2004

The 2004 edition of the European Information Technology Observatory (EITO) estimates that the Western European information technology market will grow 2.4% this year to reach 294 bln Euros. Last year, by the same reckoning, the market shrunk by 1.2%. EITO estimates that the Western European telecommunications market will grow by 3.8% this year to reach 317 bln Euros. Broadband connections (DSL and cable modem) showed particularly strong growth. The study predicts broadband connections will almost triple to reach 62 mil connections by 2007.