Tech spending expected to escape the recent doldrums

January 06, 2013

As the economy improves and at least some of the concerns about the so-called U.S. "fiscal cliff" are resolved, desire for new mobile, analytics, and storage technology will drive information technology spending this year, according to market researchers and economists. The first batch of IT spending forecasts for the year are already in, and they look positive relative to the doldrums the tech industry was in during the last six months. Businesses buy tech Global IT purchases will increase by 3.3 percent in 2013, in terms of U.S. dollars, to US$2.1 trillion, according to a Forrester report released this week. Because the dollar has been strong relative to other currencies recently, however, a better way to understand IT spending growth is to look at the spending increase in terms of local currencies, according to Andrew Bartels, chief economist at Forrester. In local currency terms, IT spending growth this year will be a relatively healthy 5.4 percent, he noted. To read this article in full or to leave a comment, please click here

Link: http://www.pcworld.com/article/2023785/tech-spending-expected-to-escape-the-recent-doldrums.html