Global IT spending is projected to reach $3.7 Trillion in 2013, up by 4.7% compare to 2012. According to Gartner, the growth is being primarily driven by the US dollars upward swing and the worldwide economy stabilization expected in 2013. Though the curtains are already down for the year 2012, certified and exact IT spending figures are yet to come. However, the Global IT spending for the year 2012 is expected to stay close to $3.6 Trillion.
While spending over the Devices – includes PCs, Tablets, Mobile Phones and Printers – is forecasted to increase in 2013 compared to 2012, which has been revised to decrease due to emergence of low-cost Smartphones and Tablets by local players in many countries. Asian countries like China and India, which have bigger ‘say’ in the growth, are seeing significant rise in the number of local mobile makers which are giving tough competition to mobile handsets giants like Samsung and HTC in entry-level Smartphone segment. Consequently, the devices spending has been lowered (projected) to $666 billion in 2013 but up 6.3% compared to 2012.
“The tablet market has seen greater price competition from android devices as well as smaller, low-priced devices in emerging markets,” said Richard Gordon, managing vice president at Gartner. “It is ultimately this shift toward relatively lower-priced tablets that lowers our average selling prices forecast for 2012 through 2016, which in turn is responsible for slowing device spending growth in general, and PC and tablet spending growth in particular.”
However, Telecom and IT Service industries are the biggest contributors in the projected growth. Due to explosive adoption of Smartphones worldwide, Telecom Industry is witnessing the fastest acceptance rate of services like 3G and 4G. Infrastructure improvisation has pushed companies to rely more on Cloud based model and Telecom companies are also focusing on various SAAS (Software As A Service) model business to prove themselves more than just a network provider.