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The IT industry will generate 3.7 trillion dollars worldwide in 2013, up 4.2 percent, from 2012, amid signs the global economic uncertainty that has been plaguing the IT sector is finally starting to let up, a leading technology research and advisory company has said.
According to Gartner, after a tumultuous few years, there are positive signs ahead for the IT sector.
Gartner's 4.2 percent revenue growth projection for 2013 is an improvement on the 3.8 percent originally anticipated.
But most of the gain is expected to be down to foreign exchange rates, in constant currency, the forecast has been improved to 3.9 percent, the Enterprise Innovation reports.
According to the report, the overall IT services market is due to grow at a 4.5 percent average CAGR between 2011 and 2016, by which time it will be worth just over one trillion dollars.
The report, however, pointed out that the projections are not uniformly positive.
Gartner has lowered its projection for 2012 dollar-valued IT spending growth to 1.2 percent, from 1.7 percent previously, blaming a lower forecast for device revenue growth.
Spending in the devices category, which includes PCs, tablets, mobile phones and printers, is projected to hit 666 billion dollars this year, down from Gartner's previous forecast of 706 billion dollars, the report said.(ANI)