IDC Forecasts Worldwide IT Spending to Grow 6% in 2012, Despite Economic Uncertainty

©IDG Communications, Inc. Photo contributed by Matthew Mikaelian.

IDG
IDC Press Release

9/10/12

Strong performance in software, storage, enterprise network and mobile device markets offset weaker trends

FRAMINGHAM, MA – IDC announced the availability of new research, Worldwide Black Book Query Tool, Version 2, 2012 (Document # 236347), that shows Worldwide IT spending remains on course to grow 6% this year in constant currency, only slightly down on last year’s pace of 7% growth, in spite of continuing macroeconomic uncertainty. Strong performance in software, storage, enterprise network and mobile device markets has offset weaker trends in PCs, servers, peripherals and telecom provider equipment. However, the strength of the US dollar in the first half of 2012 means that IT spending in dollar terms is on course for growth of just 4% this year, a significant downturn for US-based tech vendors from the US dollar growth rate of 10.5% in 2011. Including telecom services, total ICT spending will increase by 5% this year in constant currency to $3.6 trillion (growth of 2.5% in US dollars).

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