Worldwide IT spending forecast to reach $3.7tn

Gartner pointed out that its 2013 outlook for IT spending growth in US dollars has been revised upward from 3.8% in the 3Q12 forecast. The Gartner Worldwide IT Spending Forecast, which tracks major technology trends across the hardware, software, IT services and telecom markets, revealed that much of this spending increase is the result from projected gains in the value of foreign currencies versus the dollar. When measured in constant dollars, 2013 spending growth is forecast to be 3.9%.

“Uncertainties surrounding prospects for an upturn in global economic growth are the major retardants to IT growth,” said Richard Gordon, managing vice president at Gartner.

“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.”

Worldwide devices spending which includes PCs, tablets, mobile phones and printers, is forecast to reach $666bn in 2013, up 6.3% from 2012. However, this is a significant reduction in the outlook for 2013 compared with Gartner’s previous forecast of $706bn in worldwide devices and 7.9% growth. The long-term forecast for worldwide spending on devices has been reduced as well, with growth from 2012 through 2016 now expected to average 4.5% annually in current US dollars (down from 6.4%) and 5.1% annually in constant dollars (down from 7.4%).

These reductions reflect a “sharp reduction” in the forecast growth in spending on PCs and tablets that is only partially offset by marginal increases in forecast growth in spending on mobile phones and printers.

Image by itsZero, CC Flickr.com
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