The latest projection for worldwide IT spending from research analysts at Gartner forecasts that 2013 will see a 4.1% increase on the previous year, topping around $3.8 trillion by the end of the year.
It’s also thought that the effect of currency will be "less pronounced” this quarter, with the dollar seeing constant growth for an overall rise of 4% for 2013. The quarterly projections from Gartner are recognised as a "leading indicator” of technology trends across the hardware, software, services and telecoms markets.
"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."
It’s predicted that global device spending this year will reach around $718bn; this includes PCs, tablets, smartphones and printers and represents a rise of 7.9% on 2012. This has been boosted by a rise in mobile spending, driving the last quarter’s forecast up for this year.
"The global steady growth rates are a calm ocean that hides turbulent currents beneath," said John Lovelock, research vice president at Gartner.
"The Nexus of Forces — social, mobile, cloud and information — are reshaping spending patterns across all of the IT sectors that Gartner forecasts. Consumers and enterprises will continue to purchase a mix of IT products and services; nothing is going away completely. However, the ratio of this mix is changing dramatically and there are clear winners and losers over the next three to five years, as we see more of a transition from PCs to mobile phones, from servers to storage, from licensed software to cloud, or the shift in voice and data connections from fixed to mobile."
Data centres are set to grow 3.7% this year, which is down slightly from last quarter’s prediction by 0.7%. Software sales are set to rise to $297bn, a 6.4% increase, whilst the services sector will remain relatively unchanged.
The world’s largest spending IT market, telecoms, is set to see a decline in voices services with strong growth in data but will overall remain "roughly flat” over the next several years.
For a more detailed explanation of the findings, Gartner will be holding a free webinar: "IT Spending Forecast, 1Q13 Update: The Nexus of Forces Effect on Spending" on April 2 at 11am EDT.
For further insight into quarterly IT spending, visit the IT spending section on the Gartner website.