Gartner cuts global IT spending forecast
Forecast down to 3.7% growth as Eurozone crisis and hard drive shortages impact spending
Gartner has cut its forecast for global IT spending growth in 2012.
The analyst company now expects spending to increase just 3.7%, compared to its previous forecast of 4.6%, as all sectors of the IT market have slowed down.
Worldwide spending is now forecast to be $3.8 trillion dollars, with the Eurozone crisis and hard drive shortages both impacting on markets.
In 2011, worldwide IT spending totaled $3.7 trillion, up 6.9 percent from 2010 levels.
By sector, Gartner expects to see computer hardware sales grow by 5,1% to $424bn; enterprise software sales up 6.4% to $285bn; IT services up 3.1% to $874bn; telecom equipment sales up 6.9% to $475bn and telecom service up 2.3% to $1.74tn.