EU claims software R&D investment booming@ 2012/08/21
In the survey, businesses claimed they expect to make continued investment in R&D over the next two years, despite the economic crisis. This means a general increase of four percent annually over the period of 2012 to 2014. For the software and computer service sector, R&D investment is set to grow significantly faster, by 11 percent per year on average, the report claims.
"This positive trend for corporate R&D investment is essential for European competitiveness," Máire Geoghegan-Quinn, Commissioner for Research, Innovation and Science, said. "These companies are the main drivers in making the European economy more knowledge-based and smarter."
The increase in investment in software development shows that the landscape is relatively positive for skilled IT workers.
One of the problems facing companies is a lack of skilled staff however. According to John Grant at ITJobsWatch, many firms are still struggling to attract workers with relevant expertise.
"The overriding picture, this has been pre-Lehman Brothers events, is the difficulty in finding suitable candidates, even in this environment with the economy as it is," he said.
"There is a struggle to find candidates of the right calibre."