IT spending to reach $3.7 trillion in 2013: Gartner

The Gartner Worldwide IT Spending Forecast projects IT spending in 2013 at just two percent due to fluctuations in US dollar exchange rates. Analysts to discuss the report in the Gartner Webinar on July 9.

Published Date
04 - Jul - 2013
| Last Updated
04 - Jul - 2013
 
IT spending to reach $3.7 trillion in 2013: Gartner

According to the latest forecast by Gartner; the global IT spending is projected to grow till $3.7 trillion in 2013 from $3.6 trillion in 2012. Due to fluctuating US dollar exchange rates there has been a nominal increase of 2 percent in the IT spending globally.

Gartner's report for the last quarter found that IT spending growth in U.S. dollars was 4.1 percent. The growth has been reduced slightly and is forecasted at 3.5 percent in constant currency for 2013.

Gartner has tracked data of sales of various IT products and services like tech devices, enterprise software, data center systems, telecom and IT services for the half yearly report. The report showcases that IT devices spending will grow at just 2.8 percent which is a huge decline from 7.9 percent last year. There has also been a substantial drop in PC sales in the last quarter and there is no hope for recovery in the near future according to the report.

However there has been a 9.3 percent increase in mobile sales and a massive 38.9 percent growth in tablet sales this year. The report forecasts a growth of 6.4 percent in enterprise software and 0.9 percent in telecom services spending for 2013.

Gartner's managing vice president Richard Gordon said in a statement : "Exchange rate movements, and a reduction in our 2013 forecast for devices, account for the bulk of the downward revision of the 2013 growth. Regionally, 2013 constant-currency spending growth in most regions has been lowered. However, Western Europe's constant-currency growth has been inched up slightly as strategic IT initiatives in the region will continue despite a poor economic outlook."

Source: Gartner