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
Cnet: “Gartner lowers global IT spending forecast for 2012”
by Lance Whitney