The Flood In Thailand Might Jeopardize I.T. Growth In 2012 [Study]

Must Read

WhatsApp Might Lose 60 Million Indian Users Post Updated Policy Changes, New Survey Reveals!

The Facebook-owned instant messaging platform’s decision to update their privacy and terms of service brought about a...

Uber and Ola In Hot Water: India Authorities Launch Fresh Probe!

The Directorate General of Goods and Services Tax Intelligence (DGGI) sent a summons to Uber and Ola...

Trump Administration Has Landed Its Final Blow On Chinese Companies: Xiaomi Blacklisted!

In its recent move to safeguard national security, the United States’ Trump Administration has decided to go...

The graphs of IT industries are steadily increasing due to the large demand of the computing hardware and enterprise software in the market. Presently, Computing Hardware, enterprise software, IT services and the telecommunication equipment are the stronghold of the IT sector. Recently, a research analysis firm–Gartner–said that the growth rate of  IT sector might to be decreased in 2012 compare to its previous expected valuation due to the flood in Thailand.

According to a Gartner’s new study, IT sector would contribute $3.8 trillion revenue worldwide in 2012, mount up by 3.7% from 2011 and  6.9% from 2010. Previously, the firm had predicted 4.6% growth in revenue by the end of 2012, which is slightly greater than the present prediction.

The research vice president at the Gartner—Richard Gordon—said; “Faltering global economic growth, the eurozone crisis and the impact of Thailand’s floods on hard-disk drive (HDD) production have all taken their toll on the outlook for IT spending. Thailand has been a major hub for hard-drive manufacturing, both for finished goods and components. We estimate the supply of hard drives will be reduced by as much as 25 percent (and possibly more) during the next six to nine months. Rebuilding the destroyed manufacturing facilities will also take time and the effects of this will continue to ripple throughout 2012 and very likely into 2013.”

The flood had swathed one-third portion of the country which in not good hearsay for the businesses worldwide. HDD supply chain and PC OEMs were highly affected by the flood in Thailand last year.

Advertisements

The HDD supply constraint will definitely impact on the HDD and PC shipment in the first half of the year 2012. Despite of this tragedy, the telecom equipment is expected to have the strongest growth of 6.9% in 2012, followed by the enterprise software market having 6.4% growth. Recently an analyst said that the PC shipment of Microsoft had declined in Q4 last year due to flood in Thailand. The flood caused drop in Microsoft’s Windows segment’s revenue by 6.1% to $4.74 billion in Q4 last year from $5.06 billion in the same quarter a year ago.

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Snapchat Spotlight: A New Way for Creators to Earn Money

Short-form video applications have increased overwhelmingly in popularity in recent times. The surge in this format of...

COVID-19 Unemployment Leading To Ageing Indian Workforce, CMIE Reports

The latest data shared by the CMIE aka Centre for Monitoring Indian Economy has highlighted a huge red flag.

The Slip-Ups Keep On Coming: WhatsApp Web Users’ Mobile Data Leaked On Google

As the developments have unfolded over the past week, the clock for WhatsApp seems to be ticking with every passing minute and...

Trump Administration Has Landed Its Final Blow On Chinese Companies: Xiaomi Blacklisted!

In its recent move to safeguard national security, the United States’ Trump Administration has decided to go after China’s second-biggest smartphone marker...

Huawei Is Gunning For Acquiring A Fifth Of Android’s Userbase With Its Own HarmonyOS!

After Google’s ban on Huawei in 2019, the Chinese-origin tech company is all set to roll out HarmonyOS later in 2021 as...

Battle Lines Are Drawn: Qualcomm’s Latest Acquisition to Challenge Apple, Intel

The quest to gain supremacy creates a butterfly effect for sure. With the challengers and the champion pulling out all stops to...

In-Depth: Dprime

Will ‘TikTok By Microsoft’ Be A Winner?

For the last two years, TikTok has been in the public eye for all sorts of reasons. First, it was the exploded...

Facebook Subscription Model: Looking Beyond Ad Dollars?

Seldom do job listings create a stir this gripping. However, when the job listing in question is a stealth post from Twitter,...

Will The Online Food Delivery Market in India End Up Becoming A Two-Horse Race?

It's pretty much evident that the food delivery space in India is all set to get riled up soon enough as one...

More Articles Like This