All the latest UK technology news, reviews and analysis

Global IT spending to top $3.7 trillion in 2013

03 Jan 2013
us money currency fraud cash american

Businesses across the globe will spend a total of $3.7 trillion on IT hardware, software and services in 2013, according to new data from Gartner.

This is up 4.2 percent on 2012, when spending rose by just 1.2 percent, and the trend for growth is set to continue into 2014 with sales of $3.8trn expected.

The growth through 2013 will come from several key areas including enterprise software, projected to almost double from 3.3 percent in 2012 to 6.4 percent, while device sales of PCs, tablets, phones and printers, will rise 6.3 percent, up from a 2.9 percent increase in 2012.

The firm said part of this growth was due to an expected growth in the value of foreign currencies against the dollar. But the increase is also indicative of returning business confidence, with IT budgets rising after years of insecurity.

"It's not time to get the bunting out quite yet but I think the uncertainties that have dogged the market are passing, particularly with the US elections over and the Eurozone seeming to be beyond any immediate dangers," Richard Gordon, managing vice president at Gartner, told V3.

"We're not going to see firms now splurging cash but we will see more investment happening particularly in some key areas like enterprise software."

Software sales are projected to increase in areas such as storage management and customer relationship management (CRM) set for 2013 growth and data integration and big data tools predicted for growth in 2014.

Gordon said much of the increase in software sales stems from firms' need to drive efficiencies without making huge upfront investments.

"Companies are looking at IT as part of the wider business strategy now, so if they want a better understanding of the customer base they can use CRM tools and so forth," he said.

"Access to technology is not limited by a willingness to spend anymore as tools can be accessed via the cloud cheaply so you can reduce capital risk and move to a more operational expense model."

While the overall trend for 2013 is positive, there are some long-term slowdowns expected by Gartner, notably in the hardware as spending patterns shift from PCs to lower cost tablets.

"We're not being less bullish because of demand but we are seeing a faster shift to lower cost devices such tablets away from PCs so the average price is being reduced and taking value out of the market," Gordon said.

  • Comment  
  • Tweet  
  • Google plus  
  • Facebook  
  • LinkedIn  
  • Stumble Upon  
Dan Worth

Dan Worth is the news editor for V3 having first joined the site as a reporter in November 2009. He specialises in a raft of areas including fixed and mobile telecoms, data protection, social media and government IT. Before joining V3 Dan covered communications technology, data handling and resilience in the emergency services sector on the BAPCO Journal

View Dan's Google+ profile

More on Finance
What do you think?
blog comments powered by Disqus

Windows 10 poll

What are your first impressions of Windows 10?

Popular Threads

Powered by Disqus
V3 Sungard roundtable event - Cloud computing security reliability and scalability discussion

CIOs debate how to overhaul businesses for the digital era

V3 hosts roundtable with Sungard Availability Services

Updating your subscription status Loading

Get the latest news (daily or weekly) direct to your inbox with V3 newsletters.

newsletter sign-up button

Getting started with virtualisation

Virtualisation can help you reduce costs, improve application availability, and simplify IT
management. However, getting started can be challenging


Converting big data and analytics insights into results

Successful leaders are infusing analytics throughout their organisations to drive smarter decisions, enable faster actions and optimise outcomes

Application Support Engineer (C++, SQL, RDBMS, .NET, VB, Perl)

Application Support Engineer (C++, SQL, RDBMS, .NET...

Software Developer -Mobile Gaming

We are looking to expand our core technical team with...

Trainee 1st Line IT Support Engineer/Technician

Trainee 1st Line IT Support Engineer/Technician Learning...

Test Engineer

Test Engineer Summary As a Test Engineer you...
To send to more than one email address, simply separate each address with a comma.