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IDC Forecasts Worldwide IT Spending to Grow 6% in 2012, Despite Economic UncertaintyFRAMINGHAM, Mass. --(Business Wire)-- International Data Corporation (IDC) today announced the availability of new research, Worldwide Black Book Query Tool, Version 2, 2012 (Doc #236347), that shows worldwide IT spending remains on course to grow 6% this year in constant currency, only slightly lower than last year's pace of 7% growth, in spite of continuing macroeconomic uncertainty. Strong performances in the software, storage, enterprise network, and mobile device markets has so far offset weaker trends in PCs, servers, peripherals, and telecom provider equipment. However, the strength of the U.S. dollar in the first half of 2012 means that IT spending in dollar terms is on course for growth of just 4% this year, a significant downturn for U.S.-based tech vendors from the U.S. dollar growth rate of 10.5% in 2011. Including telecom services, total ICT spending will increase by 5% this year in constant currency to $3.6 trillion (representing growth of 2.5% in U.S. dollars). "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," said Stephen Minton, vice president in IDC's (News - Alert) Global Technology and Industry Research Organisation. "Software spending has been robust, even in regions where economic trends have been weakest, as businesses turn to software tools and appliations as a means of implementing cost-reduction strategies." Key trends in the global IT market so far in 2012 include:
"While this has been a tough year for many IT vendors, the overall performance of the industry in the first half of the year has been healthier than many expected," added Minton. "In particular, the strength of software spending seems to prove that many enterprises have unlocked significant productivity and efficiency improvements. If the economy avoids downside scenarios in the second half of the year, a PC upgrade cycle in 2013 should help to maintain this momentum." IDC's Worldwide Black Book provides forecasts for IT spending in 54 countries around the world. IT spending forecasts focus on 25 individual market segments across hardware, software, IT services, and telecom services for individual countries in all regions including North America, Latin America, Western Europe, Eastern Europe, Asia/Pacific, the Middle East, and Africa. The Worldwide Black Book Query Tool presents all data in the following exchange rate views: U.S. dollars in constant currency, annual and year-to-date exchange rates, and local currency. Historical data is presented alongside 5-year forecasts, updated quarterly in line with quarterly market performance and macroeconomic indicators. For additional information about this research, or to arrange a one-on-one briefing with Stephen Minton, please contact Sarah Murray at 781-378-2674 or [email protected]. To request information on custom data cuts or subscription services, contact [email protected]. About IDC International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. IDC helps IT professionals, business executives, and the investment community to make fact-based decisions on technology purchases and business strategy. More than 1000 IDC analysts provide global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries worldwide. For more than 48 years, IDC has provided strategic insights to help our clients achieve their key business objectives. IDC is a subsidiary of IDG, the world's leading technology media, research, and events company. For more information, please visit www.idc.com.
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