IDC : Global IT growth to touch 5.7% in 2012

Leading IT market research and advisory firm IDC expects worldwide IT spending to turn positive in 2010. Global IT spending is expected grow 2.9% in 2010 before nearly doubling to 5.7% in 2012. The drop in worldwide GDP forecast for 2009 is expected to lead to a 1.8% negative growth in global IT spends during the current year. Global telecommunications services growth will drop to 3.2% in 2009 and trend downward as a result of market consolidation and maturation after that to 2.1% growth in 2012. Boston-based IDC’s Chief Research Officer Mr. John Gantz will share these findings in a web presentation on “Has the Slowdown Bottomed-out Yet: Where Are We on the Curve?” with Indian business leaders early next week. IDC’s assessment of the impact of the global economic downturn on ICT spending is based on the five pronounced and several mini downturns in the global economy during the life of the modern computer era. This also factors in views of 300 US CIOs and business leaders polled each month in the past year on their future ICT budgets. Demystifying the IT business cycles IDC’s Senior Vice President and Chief Research Officer Mr. John Gantz said, “The new technology paradigm often creates a speculative bubble until reality sets in leading to a crash. This crash, which last occurred in 2000-2002, leads to a long term period of IT growth as the new paradigm is fully realized.”

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