Gartner Slashes 2012 Global IT Spending Forecast

The uncertain economy and the crisis in Europe led the research firm to cut its growth projections from 4.6 percent to 3.7 percent.

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All Things D: Market research firm Gartner has cut its 2012 growth projections for the global IT industry from 4.6 percent to 3.7 percent. It now forecasts worldwide annual IT spending of $3.8 trillion, or about $1 billion less than its last prediction. The firm also cut its longer-term growth forecasts, predicting 5 percent average growth per year through 2015.

Gartner said the change was necessary because of the uncertain economy and the ongoing debt crisis in Europe.

Tags: IT spending, Gartner

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