Global IT Spending Forecast now at $3.7 trillion

Global IT Spending Forecast now at $3.7 trillion

Global IT Spending Forecast now at $3.7 trillion Exist Software Labs Inc.

Global IT spending is projected to be worth $3.7 trillion in 2013, which is a 2% increase from last year’s spending of $3.6 trillion, according to research firm Gartner.

Earlier, Gartner predicted 4.1% growth. The reduction “mainly reflects the impact of recent fluctuations in U.S. dollar exchange rates,” Gartner said.

Gartner also dropped its forecast on device spending from 7.9% growth to 2.8%. The decline in PC sales, recorded in the first quarter of 2013, continued into the second quarter with little recovery expected during the second half of 2013.

“While new devices are set to hit the market in the second half of 2013, they will fail to compensate for the underlying weakness of the traditional PC market,” Gartner said.

Meantime, tablet sales are expected to grow 38.9% and mobile phones 9.3% in 2013. Gartner said device market will hit $695 billion in total revenue.

Enterprise software revenue is expected to show the most strength, rising 6.4% to $304 billion in revenues, driven by demand for customer relationship management applications.

Data center systems sales will rise 2.1% to $143 billion and IT services is forecast to grow 2.2% to $926 billion, both slightly higher growth rates than last year.

Telecoms services spending is expected to bounce up at .09%. Fixed broadband is showing slightly higher than anticipated growth, said Gartner. “The impact of voice substitution is mixed as it is moving faster in the consumer sector, but slightly lower in the enteprise market.”

More details to be discussed by Gartner during a webcast on July 9.

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