Outlook for IT Spending Reduces in 2012

Research firm Gartner has trimmed its outlook for IT spending in 2012 as a stronger US dollar and public spending cuts in the indebted euro zone weigh on global IT budgets.

Global IT spending is expected to rise 2.5% to $3.7trn, instead of a previously forecast 3.7% gain.

Gartner added that Growth will be supported by the popularity of smart phones and an improved global economy, as Reuters stated.

Richard Gordon, research vice president at Gartner said “Despite ongoing concerns about the global economic recovery, early signs in 2012 suggest that the global economic outlook has brightened a little”.