Global IT Spending Is Expected To Grow By 5% In 2012 [STUDY]

Must Read

3 Most Common Mistakes Social Media Marketers Are Committing In 2016

In their quest for greater sales and increased ROI, the self-appointed “digital marketing guru” has lost touch with what...

Happy Birthday Henry Ford: The Creator of Model T Car

At times, a trial and error method can work wonders. However, success demands courage, dedication, perseverance and relentless hard...

Twitter Bounty Program Is Lucrative Enough To Pocket Few Thousands Dollars In A Jiffy

Twitter has come up with a new bounty program. Twitter bounty offer may not be as commercially lucrative as...

IT spending marked 5% growth at constant currency, despite the worsening of the world economy especially in Western countries in 2011. The BRIC countries—Brazil, Russia, India, and China—were considered as the tech emerging market, showed double digit growth in the last year. Last year, flood in Thailand had flattered the hard disk drive (HDD) supply. Despite of all these issues, the demand of mobile devices and software across the most regions led a great finish to the year.

Due to macroeconomic weakness in Europe, the IT spending is supposed to have a weak spurt this year. In 2011, IT growth was 9% (in US dollar term) in US, and the currency conditions at present are still not favoring to its expand. A research analysis firm IDC has estimated only 5% of IT spending in 2012 worldwide.

Smartphone (+46%), software (+6%), and disk storage systems (+6%) contributed a strong growth in IT spending last year.  IDC is expecting that PC industry will show a positive growth by the end of 2012—a large market share were clinched by Tablets and ultra-slim laptops in last year.

Advertisements

The Vice president of IDC’s Global Technology and Industry Research Organization—Stephen Minton—said, “There are risks to the outlook for 2012, mainly related to macroeconomic weakness in Europe, where IT spending is still weak. In a downside scenario, things could get much uglier in Europe and have a ripple effect through other regions. But leading indicators in the U.S. have improved in recent months, and emerging markets show no signs of a slowdown yet.”

The IT investment in last year was flattened due to decline in spending on PCs, server, peripherals, enterprise network equipment, and storage. IDC has reportedly stated that the IT spending in Europe isn’t going to soar, which is speculated to be less than 1% this year and 3% in 2013. The analysis firm also said that Sovereign debt crisis and unraveling single European currency might take a long time for settling down.

IT spending had increased by 7% last year in US, and expecting to grow by 5% this year due to strong participation of mobile devices—Smartphone and Tablets. However, the IT spending in BRIC countries is likely to be more. IT spending in Brazil and Russia is expected to have 9% and 11% respectively, whereas, it’s is somewhat more in India and China—16% and 15% respectively.

It’s quite obvious that a bulk demand of Smartphones and Tablets ate all consumers’ electronics product last year. The mobile devices shipment and mobile online shopping were all time high last year. The demand of app download unprecedentedly grew to a maximum level—contributed huge for revenue generation.

Source: IDC

Via: BusinessWire

Advertisements

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Unemployment in India: Down To 6.95% In July 2021 As Businesess Start Hiring

The unemployment in India is dropped significantly in July 2021 as businesses are slowly resuming their operations after struggling...

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 and unparalleled...

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, with a...

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 of the...

More Articles Like This