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2012 IT Spending

The prediction is for slow growth in IT. Gartner lowered Global IT spending growth projection from 4.6% to 3.7% and Pipper Jaffray is projecting between 4% and 5%. This will bring IT Global Spending to 3.8 Trillion Dollars. These projections are about half 2011 projected growth rate of 7.6% and less than the 2010 growth rate of 5.1%. The slower growth economy (just under 3% GDP Growth) seems to slow technology growth – but we have growth!

Techeye.net: “Corporate IT spending on the up; Mystic Piper Jaffray consults his tarot cards” by
by Nick Farrell
http://news.techeye.net/hardware/corporate-it-spending-on-the-up

Cnet: “Gartner lowers global IT spending forecast for 2012”
by Lance Whitney
http://news.cnet.com/8301-1001_3-57352817-92/gartner-lowers-global-it-spending-forecast-for-2012/