Worldwide IT spending is projected to total US$3.7 trillion in 2013, a 2% increase from 2012 spending of $3.6 trillion, according to the latest forecast by Gartner, Inc. (www.gartner.com). Last quarter, the research group's forecast for 2013 IT spending growth in U.S. dollars was 4.1%.
The 2.1 percentage point reduction mainly reflects the impact of recent fluctuations in U.S. dollar exchange rates; growth in constant currency is forecast at 3.5 percent for 2013, down only slightly from last quarter. For more than a decade, global IT and business executives have been using these highly anticipated quarterly reports to recognize market opportunities and challenges, and base their critical business decisions on proven methodologies rather than guesswork.
"Exchange rate movements, and a reduction in our 2013 forecast for devices, account for the bulk of the downward revision of the 2013 growth," says Richard...| Read more »