Richard F. “Dick” Gordon orbited the moon on Apollo 12. Earlier, he helped astronauts learn how to spacewalk. …read more
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Richard Gordon: Apollo 12 Command Module Pilot
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Global tech spending forecast to hit $3.8 trillion in 2013
Worldwide spending on information technology products and services will grow 4.1 percent this year to roughly US$3.8 trillion, according to new forecast figures released by analyst firm Gartner.
Cuts in U.S. government spending and the ongoing debt crisis in Cyprus have caused “the fragile business and consumer sentiment throughout much of the world” to persist, Gartner analyst Richard Gordon said in a statement released Thursday. “However, the new shocks are expected to be short-lived, and while they may cause some pauses in discretionary spending along the way, strategic IT initiatives will continue.” (See also “Tablets to dominate laptops in 2013, but not without a fight.”)
Telecom services spending, the largest segment tracked by Gartner’s forecast, will rise 2 percent this year to $1.69 trillion after experiencing a 0.4 percent drop in growth last year. Declining voice-related revenue will be offset by mobile data services spending, according to Gartner.
Business growth expected
Enterprise software revenues will also see an uptick this year, rising 6.4 percent to $297 billion, compared to a 3.5 percent growth rate in 2012.
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Source: FULL ARTICLE at PCWorld
Gartner Says Worldwide IT Spending on Pace to Reach $3.8 Trillion in 2013
By Business Wirevia The Motley Fool
Filed under: Investing
Gartner Says Worldwide IT Spending on Pace to Reach $3.8 Trillion in 2013
Analysts to Discuss Latest IT Spending Outlook During Complimentary Gartner Webinar on April 2
STAMFORD, Conn.–(BUSINESS WIRE)– Worldwide IT spending is projected to total $3.8 trillion in 2013, a 4.1 percent increase from 2012 spending of $3.6 trillion, according to the latest forecast by Gartner, Inc. Currency effects are less pronounced this quarter with growth in constant dollars forecast at 4 percent for 2013.
The Gartner Worldwide IT Spending Forecast is the leading indicator of major technology trends across the hardware, software, IT services and telecom markets. For more than a decade, global IT and business executives have been using these highly anticipated quarterly reports to recognize market opportunities and challenges, and base their critical business decisions on proven methodologies rather than guesswork.
“Although the United States did avoid the fiscal cliff, the subsequent sequestration, compounded by the rise of Cyprus‘ debt burden, seems to have netted out any benefit, and the fragile business and consumer sentiment throughout much of the world continues,” said Richard Gordon, managing vice president at Gartner. “However, the new shocks are expected to be short-lived, and while they may cause some pauses in discretionary spending along the way, strategic IT initiatives will continue.”
Worldwide devices spending (which includes PCs, tablets, mobile phones and printers) is forecast to reach $718 billion in 2013, up 7.9 percent from 2012 (see Table 1). Despite flat spending on PCs and a modest decline in spending on printers, a short-term boost to spending on premium mobile phones has driven an upward revision in the devices sector growth for 2013 from Gartner’s previous forecast of 6.3 percent.