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Global IT Spending May Touch $3.9 t in 2014

Expenditure will be driven by sales of devices and enterprise software, says Gartner PTI MUMBAI, March,2013

Worldwide IT spend is projected to touch $3.91 trillion in 2014, driven by growth in spending on devices and enterprise software, research firm Gartner said on Thursday. The global IT spend is expected to grow 4.1% to $3.76 trillion in 2013 from $3.61 trillion in 2012 and further grow by 4% to touch $3.91 trillion in 2014, Gartner said in a statement.



Spending on devices like PCs, tablets, mobile phones and printers is expected to grow 7.9% to $718 billion in 2013 from $665 billion in 2012, it added. This will be driven by the shortterm boost on spending toward premium mobile phones, spending on PCs is expected to remain flat and that on printers is forecast to decline. The segment is expected to grow by 5.7% to touch $758 billion in 2014. “Although the US did avoid the fiscal cliff, the subsequent sequestration, compounded by the rise of Cyprus’ debt burden, seems to have netted out any benefit, and the fragile business and consumer sentiment throughout much of the world continues,” Gartner Managing Vice-President Richard Gordon said. However, the new shocks are expected to be shortlived, and while they may cause some pauses in discretionary spending along the way, strategic IT initiatives will continue, he added. Data centre systems are expected to grow 3.7% to $146 billion in 2013 and $152 billion in 2014, up 4%.

Enterprise software is forecast to witness growth of 6.4% to $297 billion in 2013 from $279 billion in 2012. It is expected to touch $316 billion in 2014, a growth of 6.7%. “The Nexus of Forces — social, mobile, cloud and information — are reshaping spending patterns. Consumers and enterprises will continue to purchase a mix of IT products and services; nothing is going away completely. However, the ratio of this mix is changing dramatically,” Gartner Research VP John Lovelock said. IT services is expected to grow 4.5% to $918 billion in 2013 and another 4.9% to touch $963 billion in 2014, Gartner said. The global telecom services market may remain flat over the next few years with declining spending on voice services.


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• Spending on devices like PCs, tablets, mobile phones and printers is expected to grow 7.9% to $718 billion in 2013 from $665 billion in 2012

• Data centre systems are expected to grow 3.7% to $146 billion in 2013 and $152 billion in 2014, up 4%


Source : Economic Times