Tech Spending Remains Strong, Despite Economic Volatility: IDC

Monday Feb 6th 2012 by Staff

The researchers predict 5 percent growth for the IT industry in 2012.

eWeek: In its latest Worldwide Black Book report, IDC reports that, in 2011, IT spending grew 5 percent when viewed at constant currency rates ; it grew 9 percent in U.S. dollar terms. Double-digit spending growth in emerging markets, particularly Brazil, Russia, India and China, helped overcome weakness in other parts of the world. Enterprises increased their spending the most on smartphones (+46 percent), software (+6 percent) and disk storage systems (+6 percent).

For 2012, IDC anticipates another year of 5 percent spending growth (when viewed in constant currency terms). However, the firm warns that Europe's economic problems could ripple throughout the world and decrease worldwide IT spending.

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