Global IT spending to reach $3.7tr in 2012 - Network Accessories

Worldwide spending on IT is to hit $3.7 trillion (£2.3 trillion) in 2012, a rise of 2.5 per cent on last year but slightly below analysts' forecasts.

Gartner said the performance of the US dollar will fuel the lower growth rate, rather than any decline in actual spending on computing hardware, network accessories and enterprise software.

It had predicted growth of 3.7 per cent for the year.

Gartner said the strongest growth will be seen in the global telecom equipment market, with spending set to reach $472 billion in 2012, up 6.9 per cent on 2011.

The company credited this performance to a positive outlook for enterprise network equipment, including spending on network security and Ethernet switches.

"Despite ongoing concerns about the global economic recovery — most notably around the resolution of eurozone sovereign-debt problems, worries about the potential for China's real estate 'bubble' to spillover and affect the rest of the economy and rising oil prices — early signs in 2012 suggest that the global economic outlook has brightened a little," said Richard Gordon, research vice president at Gartner.

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