IT spending propped up by new product categories

IT spending propped up by new product categories

By Editorial Staff, Resource Recycling

IT spending isn't meeting expectations, according to new numbers from several industry watchers.

International Data Corp. says worldwide annual IT spending growth will be 4.9 percent in 2013 — down from 5.6 percent growth in 2012. IDC placed much of the blame for the slowdown on weaker-than-expected spending in the second half of 2012 and the first quarter of 2013, as a result of uncertainty surrounding the sequester in the U.S., the European debt crisis, and a slowing Chinese economy. Worldwide, total IT spending is expected to hit $2.06 trillion in 2013. Including telecom equipment, IDC expects spending to be $3.7 trillion.

Market research firm Gartner generally corroborates these numbers, predicting global IT and telecom spending to reach $3.8 trillion for 2013. The company says this would equate to a 4.1 percent increase over 2012. Gartner says worldwide spending on devices, which include computers, mobile phones, tablets, printers and similar items, will total $718 billion this year — up 7.9 percent over 2012 despite flat growth in the PC market.

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