Just Released: "United States Information Technology Report Q1 2014"
New Computer Technology research report from Business Monitor International is now available from Fast Market Research
[USPRwire, Thu Jan 30 2014] BMI View: The outlook for US IT spending remains strong relative to the majority of developed markets over the medium term as a result of stronger economic performance and a greater appetite from enterprises for the latest products and solutions. Cloud computing, real-time enterprise software, security and Big Data are all areas of spending in which we expect to see rapid growth. We also expect continued demand growth for tablets in the retail market, however there is downside risk as desktop and notebook sales continue to be squeezed. There is also downside to this outlook from the potential for deeper fiscal retrenchment to hit government IT spending, the NSA PRISM scandal to disrupt the cloud computing market and a downturn in the wider economy. Total spending is expected to reach US$588bn in 2013, up 6.6% from 2012, and grow at a CAGR of 5.1% to 2017.
Full Report Details at
Headline Expenditure Projections
* Computer Hardware Sales: US$144bn in 2012 to US$152bn in 2013, an increase of 4.7%. Booming tablet sales are driving growth while desktop and notebook sales are under pressure from cannibalisation.
* Software Sales: US$161bn in 2012 to US$173bn in 2013, an increase of 7.6%. Forecast in US dollar terms unchanged. Emerging technologies such as machine-to-machine and Big Data are being adopted by enterprises, while demand for cyber security solutions is also an area of growth.
* IT Services Sales: US$246bn in 2012 to US$263bn in 2013, an increase of 7.2%. Cloud computing adoption is already high in the US but we expect strong growth to continue over the medium term.
Key Trends & Developments
The US retail hardware market fared better than other developed markets in 2013 as sales of tablets boomed while the squeeze on desktop and notebook sales was less pronounced, particularly compared to Europe where economic crisis has added to the detrimental impact of tablet cannibalisation. Overall tablet sales continue to drive the hardware market, with the latest data from Pew Research Centre showing penetration reached 34% of the adult population in May 2013, up from just 14% a year earlier. Although tablets offer continued growth potential as penetration rates rise, we expect growth to slow. Vendors will need to offer new features if consumers are to accept short replacement cycles and upgrade devices in quantities sufficient to offset the slowdown from diminished first-time buyer opportunities.
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