Nearly two fifths of UK channel organisations believe that the global IT channel will expand in the next two years.
Research commissioned by Agilitas IT Solutions show just over half of UK channel businesses actively looking to expand their businesses internationally, with Europe, the Middle East, Africa and North America proving the most attractive destinations.
Nearly two-thirds of channel respondents already operate in the APAC region, while 32 per cent are looking to move into South America.
The findings have been released by Agilitas as part of its research into the attitudes of the UK IT channel towards globalisation, and the issues and barriers presented to companies that wish to facilitate international growth.
UK businesses still maintain a degree of caution when approaching globalisation. For example, a quarter of decision makers believe that Brexit and the ‘Trump era’ will have a profound impact on global IT channel growth, with a fifth of all companies believing the European Union exit will significantly delay growth plans.
A third believe that having a presence in other regions minimises the financial risk of having a purely UK-focused business, ahead of the UK’s official EU exit, while 20 per cent of decision makers cite internal finances and infrastructure issues as the main barriers towards expanding.
Shaun Lynn, CEO of Agilitas said that the research showed that optimism for expanding internationally has never been higher, within the UK IT channel.
“However, they now require actionable insights to consider how, why and when they should undertake this significant internal transformational shift. A mainly prosperous economic landscape, allied to an increased number of industry collaborations, is increasing turnover, allowing businesses to analyse how they can stimulate this further in new markets,” he said.
