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Global ICT (Information and Communications Technology) spending growth in 2012 is expected to come in at just 2.5 percent (currency adjusted), or about $3.6 trillion. That’s based on the research and forecasting of IDC.
The report shows that growth has been slow in more mature industry segments like PCs, servers, peripherals and telecom equipment, while growth is significantly stronger in areas like the cloud, software, storage and mobile. Much of any growth in spending has also been due to companies repositioning their IT strategies in order to reduce or save money longer term.
Stephen Minton, Vice President in Global Technology and Industry Research Organisation at IDC, said that “In spite of economic uncertainty, which continues to inhibit enterprise investment in some tech segments, the continuing demand for tablets, smartphones, storage capacity and network -performance improvements actually outperformed expectations in the first half of the year. Software spending has been robust, even in regions where economic trends have been weakest, as businesses turn to software tools and applications as a means of implementing cost-reduction strategies.”
The big growth story though has been with the cloud. Frank Gens, senior vice president and chief analyst at IDC, said that ”By the end of the decade, IDC expects at least 80% of the industry’s growth, and enterprises’ highest-value leverage of IT, will be driven by cloud services and the other 3rd Platform technologies.”
IDC divides the public cloud into five categories: applications, Software-as-a-Service (SaaS), platform-as-a-service, servers and basic storage. Of these, SaaS is the largest segment currently, but the other four are also growing fast. SaaS is further divided into two groups: apps-as-a-service and infrastructure-as-a-service, and together they are expected to account for 41 percent of growth in the public cloud by the end of 2016.