Global IT spending set to grow 6 pct in 2012: survey

Sep 10, 2012
A research firm said that worldwide spending on information technology is expected to grow six percent this year in constant currency, a slight dip from 2011.

Worldwide spending on information technology is expected to grow six percent this year in constant currency, a slight dip from 2011, a research firm said Monday.

International Data Corporation said the growth pace, down from seven percent last year, comes "in spite of continuing macroeconomic uncertainty."

"Strong performances in the software, storage, enterprise network, and mobile device markets has so far offset weaker trends in PCs, servers, peripherals, and equipment," the report said.

But because of the rise of the US dollar, the growth in dollar terms will be only four percent, which represents "a significant for US-based tech vendors," IDC said.

Overall Worldwide IT spending is now expected to be $2.1 trillion for 2012. Adding in the total will be $3.8 trillion, a rise of five percent in constant currencies.

"In spite of , which continues to inhibit enterprise investment in some tech segments, the continuing demand for tablets, smartphones, , and network performance improvements actually outperformed expectations in the first half of the year," said Stephen Minton, an IDC vice president.

"Software spending has been robust, even in regions where economic trends have been weakest, as businesses turn to software tools and applications as a means of implementing cost-reduction strategies."

US growth is expected to be 5.9 percent, down from 8.5 percent last year, IDC said, but added that the launch of Windows 8 in the fourth quarter should boost the PC market next year.

Western Europe is on pace for one percent growth, which is a decline of 4.5 percent in US dollar terms.

China is expected to see 14 percent growth, and other such as India and Brazil will see similar increases. Japan's rise in spending is due to be just two percent, IDC said.

"While this has been a tough year for many IT vendors, the overall performance of the industry in the first half of the year has been healthier than many expected," said Minton.

"In particular, the strength of software spending seems to prove that many enterprises have unlocked significant productivity and efficiency improvements. If the economy avoids downside scenarios in the second half of the year, a PC upgrade cycle in 2013 should help to maintain this momentum."

Explore further: Alibaba steals Yahoo's thunder ahead of IPO

add to favorites email to friend print save as pdf

Related Stories

Gartner forecasts 5.6% rise in IT spending

Mar 30, 2011

Worldwide information technology spending is expected to rise 5.6 percent this year with tablet computers like Apple's iPad helping to drive growth, a technology research company said Wednesday.

PC shipments to improve in 2012, but still modest

Mar 20, 2012

(AP) -- Worldwide shipments of personal computers will pick up in the second half of the year with the debut of a new Windows operating system and the broader availability of notebooks that are thin like tablet computers, ...

PC sales down 2.4 pct in second quarter: IDC

Sep 16, 2009

Worldwide sales of personal computers fell 2.4 percent in the second quarter and declined by 19.1 percent in value, market research firm IDC reported Wednesday.

Recommended for you

New US-Spanish firm says targets rich mobile ad market

2 hours ago

Spanish telecoms firm Telefonica and US investment giant Blackstone launched a mobile telephone advertising venture on Wednesday, challenging internet giants such as Google and Facebook in a multi-billion-dollar ...

Technip, Heerema win third giant Angolan oil contract

6 hours ago

The ultra-deep Angolan offshore oil project called Kaombo generated the third huge contract in three days on Wednesday when French group Total picked two firms to carry out underwater engineering worth $3.5 billion.

Yahoo sees signs of growth in 'core' (Update)

20 hours ago

Yahoo reported a stronger-than-expected first-quarter profit Tuesday, results hailed by chief executive Marissa Mayer as showing growth in the Web giant's "core" business.

User comments : 0

More news stories

Quantenna promises 10-gigabit Wi-Fi by next year

(Phys.org) —Quantenna Communications has announced that it has plans for releasing a chipset that will be capable of delivering 10Gbps WiFi to/from routers, bridges and computers by sometime next year. ...

Unlocking secrets of new solar material

(Phys.org) —A new solar material that has the same crystal structure as a mineral first found in the Ural Mountains in 1839 is shooting up the efficiency charts faster than almost anything researchers have ...

Floating nuclear plants could ride out tsunamis

When an earthquake and tsunami struck the Fukushima Daiichi nuclear plant complex in 2011, neither the quake nor the inundation caused the ensuing contamination. Rather, it was the aftereffects—specifically, ...

New US-Spanish firm says targets rich mobile ad market

Spanish telecoms firm Telefonica and US investment giant Blackstone launched a mobile telephone advertising venture on Wednesday, challenging internet giants such as Google and Facebook in a multi-billion-dollar ...