Around £123m worth of UK wide area network (WAN) contracts will expire over the next 12 months. In total, 229 deals are identified as due to end.
The top region for WAN contracts in the UK is Greater London, according to new figures from the Cross Sector Procurement Gateway, a public sector spending information resource from vendor ProcureTools.
The area was responsible for 45 contracts with an average annual spend of over £37m. The top supplier in the area is Fujitsu, which has three contracts with an annual average spend of over £25m set to expire.
Local government is the largest WAN customer, responsible for 84 contracts with an annual average spend of over £22m.
Vodafone is the most common supplier overall in WAN contracts expiring over the next 12 months. The firm has 19 contracts set to end with an average annual spend of over £38m.
The large number of contracts shortly up for renewal, together with their high financial value, could mean a bonanza for telecoms suppliers.
However, the UK economy is teetering as the markets speculate on the nature of the country's exit from Europe, and some firms may choose to scale down their infrastructure spend until the future is more certain.
One sector still very much growing is security. Global spending on security hardware, software and services will rise by 38 per cent to $101.6bn by 2020, according to analyst group IDC. This compares with estimated spending of $73.7bn this year.
Banking and finance will lead the spending spree, accounting for $8.6bn in investments on security products and services, followed by discrete manufacturing, the public sector and process manufacturing.
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