| Home : June 30 2014 Computer News : IT spending growth to be slower than expected in 2014 due to pricing pressure, Gartner says |
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IT spending growth to be slower than expected in 2014 due to pricing pressure, Gartner says |
June 30, 2014
IT research firm Gartner has cut its forecast for global IT spending by about one-third for this year, blaming a tougher competitive environment and subsequent pressure on vendors to lower prices.Spending will rise 2.1 percent to US$3.7 trillion in 2014, down from the 3.2 percent growth rate Gartner had predicted for 2014.The downgraded forecast isn’t necessarily a cause for concern, said Gartner managing vice president Richard Gordon in an interview.“In the context of an improving global economic situation, to have IT spending be anemic, in the low single digits, might be a surprise on the face of it,” he said. But customers aren’t necessarily cutting back on spending, Gordon said. “They’re getting better deals for their money and spending their money carefully.”To read this article in full or to leave a comment, please click here
Link: http://www.pcworld.com/article/2449060/it-spending-growth-to-be-slower-than-expected-in-2014-due-to-pricing-pressure-gartner-says.html#tk.rss_all
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