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Analysts see growth across tech market in 2013

04 Jan 2013
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Worldwide IT spending is predicted to grow by around five percent in 2013 after a relatively weak 2012, according to new data from analyst house Forrester Research.

The report, by Forrester principal analyst Andrew Bartels, predicts that sales of software in areas relating to analytics, big data and collaboration will be some of the biggest drivers in 2013 but that hardware sales will remain slow.

"In software, business intelligence and analytics apps will big the hot products, along with smart process apps for collaborative business processes," Bartels wrote in a blog post.

"In computer equipment, Apple tablets and Mac PCs will continue to take share from Windows PCs, with the introduction of Windows 8 PCs and tablets helping Microsoft to end the decline of 2012 but not bringing much growth until 2014."

The US is predicting to the be main drivers of the worldwide growth, thanks in part to the recently ratified "fiscal cliff" deal and the fact European markets are only just beginning to emerge from several years of difficulties.

"While the strong dollar is hurting US exports and government spending is on a downward path, we think the US economy is likely to grow by two percent to 2.5 percent in 2013, which will lead to faster tech spending," said Bartels.

"In contrast, most of Europe is in a recession or close to one, so its tech market will barely grow. Against that economic backdrop, we think that the global tech market will do a bit better in 2013 than it did in 2012, and that it will do even better in 2014."

As a result growth of 6.7 percent is expected in 2014 with software and computer equipment sales expected to lead this surge.

Earlier in the week Gartner issued a report predicting the worldwide IT spending market would be worth close to four trillion dollars in 2013 as sales of enterprise software grow, although it too saw the value of hardware continuing to decrease, in part due to the success of cheap tablets.

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Dan Worth
About

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

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