Study: Worldwide IT Spending to Hit $3.7 Trillion
Enterprise software, devices, IT services among segments expected to experience most growth.

Article


null
January 04, 2013 By CI Staff

Worldwide IT spending is on the rise and is projected to reach $3.7 trillion this year, according to the latest forecast by Gartner, Inc. The report projects a 4.2 percent increase from the $3.6 trillion spent in 2012, citing “projected gains in the value of foreign currencies versus the dollar.”

“Uncertainties surrounding prospects for an upturn in global economic growth are the major retardants to IT growth,” Richard Gordon, managing vice president at Gartner, says in a press release. “This uncertainty has caused the pessimistic business and consumer sentiment throughout the world. However, much of this uncertainty is nearing resolution, and as it does, we look for accelerated spending growth in 2013 compared to 2012.”

Gartner previously projected $706 billion and 7.9 percent growth in worldwide devices spending (including PCs, tablets, mobile phones, and printers). The most recent forecast projects worldwide devices to increase 6.3 percent from 2012 to $666 billion in 2013.

Spending on worldwide devices from 2012 to 2016 is also forecasted to average 4.5 percent annually (down from 6.4 percent) in current U.S. dollars.

“The tablet market has seen greater price competition from android devices as well as smaller, low-priced devices in emerging markets,” said Gordon. “It is ultimately this shift toward relatively lower-priced tablets that lowers our average selling prices forecast for 2012 through 2016, which in turn is responsible for slowing device spending growth in general, and PC and tablet spending growth in particular.”

Gartner forecasts enterprise software spending to grow 6.4 percent as a result of markets including security, storage management, and customer relationship management. Devices (6.3 percent), IT services (5.2 percent), data center systems (4.5 percent), overall IT (4.2 percent), and telecom services (2.4 percent) are also projected to experience growth in 2013.

Work Smarter: Keep Ahead of the Competition

Keep up with the changing A/V world with Commercial Integrator. Each issue makes it easy to understand and apply the latest A/V trends and techniques — whether you deal with UHDTV, wireless AV, Digital Video/IPTV, networking, HDBaseT or HDMI.
It's not enough to keep up with the competition. You need to stay ahead of them. Subscribe to Commercial Integrator today for the latest techniques and insights you need to drive your business.

Social Bookmark or Share This
  • Facebook
  • Twitter
  • Digg
  • Del.icio.us
  • Yahoo! Bookmarks
  • Google Bookmarks
  • StumbleUpon
  • Technorati
  • Reddit
  • Windows Live
  • LinkedIn
  • Evernote
  • E-mail


  • Latest
  • Blogs
  • Photos
  • Resources


Recent comments

Congrats !!

Posted by TammyWagner on 2016 11 20 · commented on
'Diversified Named 2016 Integrator of the Year'.

A fantastic culture of people committed to excellence and,solutions with integrity

Posted by AmpliVox Sound Systems on 2016 11 18 · commented on
'Diversified Named 2016 Integrator of the Year'.

Digging below the surface, up until VP-elect, Mike Pence’s clearing of lobbyists from the transition…

Posted by Josh Srago on 2016 11 17 · commented on
'Trump’s Policies Will Definitely Impact Tech Industry, But How?'.

Check out NSCA Education Foundation’s Hester Scholarship: http://www.nsca.org/hester-scholarship-program/

Posted by Tom LeBlanc on 2016 11 14 · commented on
'Why Hiring Veterans Should be on the Forefront of Your Recruiting Goals'.