{"id":2939,"date":"2012-04-09T07:00:38","date_gmt":"2012-04-09T15:00:38","guid":{"rendered":"http:\/\/www.formtek.com\/blog\/?p=2939"},"modified":"2012-04-09T07:00:38","modified_gmt":"2012-04-09T15:00:38","slug":"technology-gartner-revises-downward-the-it-spending-outlook-for-2012","status":"publish","type":"post","link":"https:\/\/formtek.com\/blog\/technology-gartner-revises-downward-the-it-spending-outlook-for-2012\/","title":{"rendered":"Technology: Gartner Revises Downward the IT Spending Outlook for 2012"},"content":{"rendered":"

IT is big business. In 2012, total global IT spending is expected to reach $3.7 trillion. That’s equivalent to about the size of Germany’s entire GDP<\/a>. \u00a0Big as it is though, the number is actually smaller than Gartner’s forecast made earlier in the year. \u00a0That’s the result of the stronger-than-expected dollar so far this year and cutbacks being made globally within the government sector. \u00a0Austerity measures in the Eurozone and cost-cutting in the US will cause government sector spending on IT to shrink this year and then again in 2013. \u00a0These developments have caused\u00a0Gartner to revise their predictions of IT spending growth for 2012 downward<\/a> from the previous forecast of 3.7 percent<\/a> to now just 2.5 percent.<\/p>\n

Enterprise software is one area that is down. \u00a0In 2011, Enterprise software grew at a rate of 9.2 percent — that number has shrunk to only 5 percent growth for 2012. \u00a0IT services has also slowed substantially, from a growth rate of 6.5 percent in 2011 to just 1.3 percent expected growth for 2012.<\/p>\n

Telecommunications is one area of higher growth. \u00a0Driven from demand for mobile devices and faster networking, the telecommunications equipment sector is expected to grow 7 percent in 2012. \u00a0 Spending by small and medium sized businesses is also expected to be up, particularly in the area of enterprise software. \u00a0Spending by SMBs account for about a quarter of all IT spending, and it will total $875 billion this year and reach $1 trillion by 2016.<\/p>\n

Richard Gordon<\/a>, research vice president at Gartner, said <\/a>that\u00a0“Despite ongoing concerns about the global economic recovery \u2014 most notably around the resolution of eurozone sovereign-debt problems, worries about the potential for China’s real estate ‘bubble’ to spill over and affect the rest of the economy, and rising oil prices \u2014 early signs in 2012 suggest that the global economic outlook has brightened a little.”<\/p>\n

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IT is big business. In 2012, total global IT spending is expected to reach $3.7 trillion. That’s equivalent to about the size of Germany’s entire GDP. \u00a0Big as it is though, the number is actually smaller than Gartner’s forecast made…<\/span><\/p>\n

Read more ›<\/a><\/div>\n

<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-2939","post","type-post","status-publish","format-standard","hentry","category-content-management"],"_links":{"self":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts\/2939","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/comments?post=2939"}],"version-history":[{"count":0,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/posts\/2939\/revisions"}],"wp:attachment":[{"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/media?parent=2939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/categories?post=2939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/formtek.com\/blog\/wp-json\/wp\/v2\/tags?post=2939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}