The application development, testing and maintenance market is about to be dusted up by Brexit, according to a report from a report from Information Services Group.
Banking, financial services, healthcare and life sciences are likely to suffer some adverse impact from Brexit as no one knows what software they are going to need.
This means that the majority of companies in the UK have not yet begun preparing for Brexit, and there are growing fears of supply-chain disruptions. As for providers, the large ones should be able to cover most situations that arise, but smaller UK-based providers may struggle with the changing market dynamics.
Many vendors hope that there will be a spike in demand after 29 March next year as customers try to get in-line with any changes quickly.
Banks had already started to move headcount out of the UK, and there was talk of some movement in the car manufacturing areas, and that would be a strain on existing systems based on the current situation, the report said.
There were also signs that aside from Brexit customers were looking for more focus on next-generation options from their application development management partners. Areas of interest included: analytics, IoT, cloud-native architecture, SaaS-based offerings, security, customer experience and mobile.
