IT spending forecast gets reevaluated, reduced

> IT spending forecast gets reevaluated, reduced


Published: August 14, 2014

Technology is impacting the business landscape and nearly every company is holding ongoing discussions about investing in the latest innovations. This is happening all around the world.

At the start of 2014, research firm Forrester released its global IT spending forecast, which predicted an increase of 6.2 percent. Now, after evaluating the first half of the year, the company has reevaluated its forecast and dropped the number down to 3.3 percent, which will total $2.2 trillion.

Forrester vice president and principal analyst Andrew Bartels said in a press release that the U.S. and the rest of the "Tech Twelve" will be responsible for pushing spending because they are more willing to invest in new technologies.

"CIOs may interpret the lowering of our tech market growth forecast as a signal to slow their own tech spending," Bartels said. "That would be a mistake. In most countries, the bulk of the slowdown in growth has already occurred in the first half of 2014."

According to the study, 50 percent of technology spending on customer-process technologies will happen in the U.S. Systems that focus on the employee process -- business applications, computers, mobile devices and IT consulting services -- are set to increase 2.3 percent to $1 trillion. IT infrastructure will also increase 2.5 percent to $917 billion.

This is enough of an increase for companies to feel confident investing in new projects and innovations like mobility solutions. With the help of an IT consulting firm that specializes in solutions like iOS management, any company can invest in the right systems.

> IT spending forecast gets reevaluated, reduced
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