Global Demand on the Move – The BECH Index 2017

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“We have changed the algorithm behind the BECH Index for the 2016 and 2017 versions”, says Hans Peter Bech, author of the whitepaper. “The consequence of the new algorithm is a significant adjustment of the shares of global demand between countries and regions. Applying the new principles on the GDP numbers for the period 2014-17 shows China as the fastest growing and, also, very soon, will be the largest market for IT products and services.

This whitepaper presents an estimation of the relative demand capacity for B2B information technology and related services worldwide. This estimation is called “The BECH Index.” TBK Consult calculates the BECH Index annually based on data published by The Central Intelligence Agency (CIA).

Description

The 2017 edition of the BECH Index confirms that world demand for information technology continues to be on the move and that the changes are accelerating. The Americas have experienced a steep decline in the period (2014-2017) due to a drop in the demand from all countries in North, South & Central America. Europe continues to lose its share of global demand although the decline is much slower than in the Americas. Nevertheless, North America and Europe continue to be very interesting areas with some of the biggest markets in the world and because of increasing labor costs and public expenditure, there is a growing need for business analytics and process and cost optimization solutions. The Middle East has stabilized their share and shows a small increase in the 2017 figures. China continues its growth and has, with a 15% increase, further consolidated its position as the second largest information technology market in the world. If the trends continue, China will take the position as the largest market in 2018.

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