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Tech Spending Still Strong Despite Economic Volatility and Cannibalization from Mobile Devices and the Cloud, According to IDC’s Worldwide Black Book

IDC PMS4colorversion  Tech Spending Still Strong Despite Economic Volatility and Cannibalization from Mobile Devices and the Cloud, According to IDC’s Worldwide Black Book
IDC Press Release

China looks a good bet to be the engine of growth again in 2013, while U.S. will see improving PC market and more software growth

FRAMINGHAM, MA – According to the new International Data Corporation (IDCWorldwide Black Book Query Tool just released (Document # 239304), IT spending remained broadly strong throughout a difficult end to 2012 as business confidence waned in the shadow of the “fiscal cliff’,” economic growth declined in much of Europe, and economies in Asia struggled to cope with reduced exports. In spite of these headwinds, worldwide IT spending recorded annual growth of 5.9 percent in 2012 in constant currency terms, keeping pace with the 5.8 percent growth recorded in 2011. Total IT spending on hardware, software and IT services reached $2 trillion, while ICT spending (including telecom services) increased by 4.8 percent to $3.6 trillion.

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