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The Gartner Worldwide IT Spending Forecast is the leading indicator of major technology trends across the hardware, software, IT services and telecom markets.
For more than a decade, global IT and business executives have been using these highly anticipated quarterly reports to recognize market opportunities and challenges, and base their critical business decisions on proven methodologies rather than guesswork.
Uncertainties surrounding prospects for an upturn in global economic growth are the major retardants of IT growth. However, much of this uncertainty is nearing resolution. Gartner looks for accelerated IT spending growth in 2013. We have revised 2013 dollar-valued growth from 3.8% to 4.2%.
Gartner's forecast for 2012 IT spending growth in current U.S. dollars has been reduced from 3.0% last quarter to 1.7% now. However, this reduction is due mostly to the effect of a strengthening U.S. dollar on the growth calculation and not because we believe economic conditions have deteriorated.
Gartner's current U.S. dollar growth forecast for overall global IT spending in 2012 has been revised up slightly from 2.5% last quarter to 3.0% now.
While the challenges facing global economic growth persist – the eurozone crisis, weaker US recovery, a slowdown in China – the outlook has at least stabilized.
Gartner's forecast for overall global IT spending growth in 2012 in current U.S. dollars has been revised down from 3.7% last quarter to 2.5% now. However, this reduction is due to the recent strengthening in the value of the U.S. dollar versus other currencies.
Early signs in 2012 suggest the global economic outlook has brightened a little, with no more than a 25% risk of a return to recession. Nevertheless, uncertainties remain, and global real GDP growth is forecast at a modest 2.4% for 2012.