New Market Research Report: United States Information Technology Report Q2 2014


New Computer Technology research report from Business Monitor International is now available from Fast Market Research


[USPRwire, Thu May 22 2014] 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, desktop and notebook sales continue to be squeezed. There is also potential for deeper fiscal retrenchment to hit government IT spending. The NSA PRISM scandal continues to produce fallout amid concerns about data security in the cloud computing market. Total spending is expected to reach US$622bn in 2014, up 5.9% from 2013, and grow at a CAGR of 4.3% to 2018.

Full Report Details at
- http://www.fastmr.com/prod/807745_united_states_information_technology_report_q2.aspx?afid=302

Headline Expenditure Projections

* Computer Hardware Sales: US$152bn in 2013 to US$157bn in 2014, an increase of 3.9%. Booming tablet sales are driving growth while desktop and notebook sales are under continuing pressure from cannibalisation.
* Software Sales: US$173bn in 2013 to US$184bn in 2014, an increase of 6.4%. 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$263bn in 2013 to US$280bn in 2014, an increase of 6.4%. Cloud computing adoption is already high in the US but we expect strong growth to continue over the medium term despite security concerns following on from the NAS Prism debacle.

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 with 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 and more competitively priced products if consumers are to accept short replacement cycles and upgrade devices in quantities sufficient to offset the slowdown in first-time sales.

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

You may also be interested in these related reports:

- United Arab Emirates Information Technology Report Q2 2014
- United Kingdom Information Technology Report Q2 2014
- Australia Information Technology Report Q2 2014
- Kuwait Information Technology Report Q2 2014
- Slovenia Information Technology Report Q2 2014

Company: Fast Market Research, Inc.


Contact Name: Bill Thompson

Contact Email: press@fastmr.com

Contact Phone: 1-413-485-7001

>>Visit website