Our latest forecasts for the vertical industries are out! Our team published the quarterly publication – Forecast Analysis: Enterprise IT Spending Across Vertical Industries, Worldwide, 4Q15 Update last week. The report presents detailed forecasts for all the vertical industries along with their key highlights and assumptions. Some key takeaways from this update report:
- Currency fluctuations continue to weigh down the growth projections.
- The overall growth spending for 2016 will now grow by an annual growth rate of 1.9%.
- Banking & Securities continues to be the fastest and the largest growing industry in 2016.
- Insurance and healthcare providers alongside banking & securities will be the fastest growing industry in 2016.
Just to give you a brief snapshot into the update for this quarter. Amongst the biggest industries, banking and securities are the fastest growing. The chart below provides a brief snapshot of the matrix of end-user spending and growth of the vertical industries. The size of the bubble is the overall share of the industry in the entire end-user spending mix. The report covers assumptions and takeaways for all the vertical industries in much greater details.