2014-02-07 21:09:01 - United States Information Technology Report Q1 2014 - a new market research report on companiesandmarkets.com
The outlook for US IT spending remains strong relative to the majority of developed markets over the medium term as a result of stronger economic performance and a greater appetite from enterprises for the latest products and solutions. Cloud computing, real-time enterprise software, security and Big Data are all areas of spending in which we expect to see rapid growth. We also expect continued demand growth for tablets in the retail market, however there is downside risk as desktop and notebook sales continue to be squeezed. There is also downside to this outlook from the potential for deeper fiscal retrenchment to hit government IT spending, the NSA PRISM scandal to disrupt the cloud computing market and a downturn in the
wider economy. Total spending is expected to reach US$588bn in 2013, up 6.6% from 2012, and grow at a CAGR of 5.1% to 2017.
Headline Expenditure Projections:
- Computer Hardware Sales: US$144bn in 2012 to US$152bn in 2013, an increase of 4.7%. Booming tablet sales are driving growth while desktop and notebook sales are under pressure from cannibalisation.
- Software Sales: US$161bn in 2012 to US$173bn in 2013, an increase of 7.6%. Forecast in US dollar terms unchanged. Emerging technologies such as machine-to-machine and Big Data are being adopted by enterprises, while demand for cyber security solutions is also an area of growth.
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