Richard Gordon

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Richard Gordon
Research VP
14 years at Gartner
23 years IT industry

Richard Gordon is a research vice president in Gartner Research. He has worldwide responsibility for Gartner's Global IT Market Forecasting. Read Full Bio

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Cloud is the Silver Lining for IT Spending

by Richard Gordon  |  June 29, 2012  |  Comments Off

We’ve just updated the global IT Spending forecast and this quarter there’s little change to the growth outlook.
 
We’ve tweaked the forecast for overall IT spending growth in 2012 up slightly from 2.5% last quarter to 3.0% now, reflecting a fairly steady, albeit gloomy, macroeconomic environment: the Eurozone crisis remains unresolved, the economic recovery in the US remains weak but stable and China’s economy is heading for a “soft-landing” … but at least things aren’t getting any worse!
 
So, with  little change in either business or consumer sentiment in the past quarter, the forecast remains on track for modest growth at least in the short term.
 
As well as reviewing the forecast assumptions and updating the data, we’ve been busy working on innovations in our forecast coverage.
 
This quarter we’ve introduced a new, integrated forecast methodology and modeling capability for client devices that gives new insight into how market penetration and usage patterns affect the long-term outlook for PCs, Tablets and Mobile Devices and we’ve re-segmented our IT Services forecast to provide greater insight into the outlook for evolving market segments.
 
The overhaul of our IT Services coverage has enabled us to produce a new, quarterly-updated Public Cloud Services forecast containing more detail as well as country level coverage for the first time.
 

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