Subscribe free to our newsletters via your
. Space Industry and Business News .




POLITICAL ECONOMY
Global IT spending set to grow 6 pct in 2012: survey
by Staff Writers
Washington (AFP) Sept 10, 2012


Worldwide spending on information technology is expected to grow six percent this year in constant currency, a slight dip from 2011, a research firm said Monday.

International Data Corporation said the growth pace, down from seven percent last year, comes "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," the report said.

But because of the rise of the US dollar, the growth in dollar terms will be only four percent, which represents "a significant downturn for US-based tech vendors," IDC said.

Overall Worldwide IT spending is now expected to be $2.1 trillion for 2012. Adding in telecom services the total will be $3.8 trillion, a rise of five percent in constant currencies.

"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, an IDC vice president.

"Software spending has been robust, even in regions where economic trends have been weakest, as businesses turn to software tools and applications as a means of implementing cost-reduction strategies."

US growth is expected to be 5.9 percent, down from 8.5 percent last year, IDC said, but added that the launch of Windows 8 in the fourth quarter should boost the PC market next year.

Western Europe is on pace for one percent growth, which is a decline of 4.5 percent in US dollar terms.

China is expected to see 14 percent growth, and other emerging markets such as India and Brazil will see similar increases. Japan's rise in spending is due to be just two percent, IDC said.

"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," said 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."

.


Related Links
The Economy






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








POLITICAL ECONOMY
Japan cuts quarterly economic growth figures
Tokyo (AFP) Sept 10, 2012
Japan on Monday revised down its quarterly growth figures, reigniting fears that the world's third-largest economy was stumbling amid turmoil in Europe and a slowdown in Asia. Analysts said gross domestic product figures were within market expectations, but warned that an export slump and widening trade deficit would hurt the faltering economy, which grew 0.2 percent between April and June. ... read more


POLITICAL ECONOMY
World watches for 'iPhone 5' unveiling Wednesday

Airborne observatory and electronic noses - DLR presents new space developments at ILA

Estonian first graders to learn computer code

Tough gel stretches to 21 times its length, recoils, and heals itself

POLITICAL ECONOMY
Intelsat General Awarded Contract in US Government's New Custom SATCOM Solutions Program

Smartphone App Can Track Objects On the Battlefield as Well as On the Sports Field

Lockheed Martin Wins Role on Defense Information Systems Agency Program

Raytheon unveils cross domain strategy to securely access information via mobile devices

POLITICAL ECONOMY
Arianespace concurrently manages six missions with Ariane 5 and Soyuz

First-Stage Fuel Loaded; Launch Weather Forecast Improves

NASA launches mission to explore radiation belts

ISRO to score 100 with a cooperative mission Sep 9

POLITICAL ECONOMY
Monitech Announces Zero-Installation Tracking System for Automotive Industry

Lockheed Martin and Raytheon Complete First Launch Exercise for Next Generation GPS Satellites

Northrop Grumman to Supply Bridge Navigation Systems for Swire Group's Dry Cargo Ships

Mobile users wary of privacy invasion by apps: survey

POLITICAL ECONOMY
Boeing Forecasts China Will Need 5,260 New Airplanes by 2031

Albatross 'dynamic soaring' achieved by repeated curve-altitude oscillation

Mass protest in Japan against US hybrid aircraft

Turkey looks to Lockheed's F-35 models

POLITICAL ECONOMY
More than 70 percent of electronic waste management is uncontrolled

Researchers measure photonic interactions at the atomic level

Wayne State's new flexible electronics technology may lead to new medical uses

Magnetic Vortex Reveals Key to Spintronic Speed Limit

POLITICAL ECONOMY
More satellite launches planned for upgrading maritime monitoring

Astrium installs new terminal in Mexico to receive SPOT 6 and SPOT 7 imagery

Suomi NPP Captures Smoke Plume Images from Russian and African Fires

Remote Sensing Satellite Sends First Earth Imagery

POLITICAL ECONOMY
Indonesian lives risked on 'world's most polluted' river

Oil spill ship's officers deported from New Zealand

Chemical use inflicts mounting bill on poor countries: UN

Philippine gold mine struggles to plug waste spill




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement