Global IT spending to grow by just 2 percent, says Gartner
Worldwide IT spending will grow by just two percent this year, says Gartner. The new forecast is down from the 4.1 percent growth that was predicted by the research firm just three months earlier. Gartner says its revised forecast on global IT spending is reflective of recent changes in the U.S. currency exchange rates, as well as a lowered forecast in IT spending.
"Exchange rate movements, and a reduction in our 2013 forecast for devices, account for the bulk of the downward revision of the 2013 growth," said Richard Gordon in a statement. Gordon is the managing vice president at Gartner responsible for IT spending forecasts.
Of particular note is the fact that the fall in PC sales continued into the second quarter with little recovery expected for the rest of this year. According to Gartner, this can be attributed to the underlying weakness of the traditional PC market.
The new devices that Gartner refers to would be the new Ultrabooks and PCs incorporating the Intel Haswell microprocessor. Launched at Computex earlier last month, new devices based on the new chip offer noticeably better battery life and have already started to arrive.