Datamation content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More.
Forrester Research has slightly lowered its predictions for global spending growth this year. However, it now believes U.S. tech spending will be higher than anticipated.
InformationWeek’s Kelly Sheridan reported, “In January, Forrester predicted a global tech market growth of 5.4% in local currencies and 3.3% in U.S. dollars. It predicted modest growth in the U.S., recession in Japan, a second half end to the European recession and improving economies in pockets of Asia, Latin America and the EEMEA. Halfway through 2013, the forecast for global tech has changed. For the remainder of the year, Forrester predicts it will grow just 2.3% growth in U.S. dollars and 4.6% in local currencies.”
ZDNet’s Larry Dignan added, “CIOs in the U.S. should plan for 5 percent to 6 percent growth in 2013 and 2014 with modest rises in other markets.”
TechCrunch’s Ingrid Lunden noted, “Forrester’s big-picture look at spending puts software as the biggest general category for investments, at $542 million for 2013. ‘Software is where most of the big changes in technology are taking place,’ writes Bartels. That is to say, while legacy, on-premise investments are ‘languishing,’ those that focus on cloud-based implementations such as SaaS; and ‘smart computing’ in the form of big data analytics and mobile apps are booming — following trends we’ve seen for a while now. Overall, software investments are set to grow 3.3% this year and 6.2% in 2014 — growth rates that he concedes ‘may not seem impressive [but still] stronger than any other tech category.'”
The Telegraph’s Sophie Curtis observed, “The only other category that is experiencing major innovation is computing equipment. In particular, tablets, which provide mobile alternatives to PCs, will help lift growth from 2.5 per cent in 2013 to 5.1 per cent in 2014. However, the report notes that even Apple emphasised software changes rather than new hardware in its 2013 product announcements.”
RELATED NEWS AND ANALYSIS
-
Huawei’s AI Update: Things Are Moving Faster Than We Think
FEATURE | By Rob Enderle,
December 04, 2020
-
Keeping Machine Learning Algorithms Honest in the ‘Ethics-First’ Era
ARTIFICIAL INTELLIGENCE | By Guest Author,
November 18, 2020
-
Key Trends in Chatbots and RPA
FEATURE | By Guest Author,
November 10, 2020
-
Top 10 AIOps Companies
FEATURE | By Samuel Greengard,
November 05, 2020
-
What is Text Analysis?
ARTIFICIAL INTELLIGENCE | By Guest Author,
November 02, 2020
-
How Intel’s Work With Autonomous Cars Could Redefine General Purpose AI
ARTIFICIAL INTELLIGENCE | By Rob Enderle,
October 29, 2020
-
Dell Technologies World: Weaving Together Human And Machine Interaction For AI And Robotics
ARTIFICIAL INTELLIGENCE | By Rob Enderle,
October 23, 2020
-
The Super Moderator, or How IBM Project Debater Could Save Social Media
FEATURE | By Rob Enderle,
October 16, 2020
-
Top 10 Chatbot Platforms
FEATURE | By Cynthia Harvey,
October 07, 2020
-
Finding a Career Path in AI
ARTIFICIAL INTELLIGENCE | By Guest Author,
October 05, 2020
-
CIOs Discuss the Promise of AI and Data Science
FEATURE | By Guest Author,
September 25, 2020
-
Microsoft Is Building An AI Product That Could Predict The Future
FEATURE | By Rob Enderle,
September 25, 2020
-
Top 10 Machine Learning Companies 2020
FEATURE | By Cynthia Harvey,
September 22, 2020
-
NVIDIA and ARM: Massively Changing The AI Landscape
ARTIFICIAL INTELLIGENCE | By Rob Enderle,
September 18, 2020
-
Continuous Intelligence: Expert Discussion [Video and Podcast]
ARTIFICIAL INTELLIGENCE | By James Maguire,
September 14, 2020
-
Artificial Intelligence: Governance and Ethics [Video]
ARTIFICIAL INTELLIGENCE | By James Maguire,
September 13, 2020
-
IBM Watson At The US Open: Showcasing The Power Of A Mature Enterprise-Class AI
FEATURE | By Rob Enderle,
September 11, 2020
-
Artificial Intelligence: Perception vs. Reality
FEATURE | By James Maguire,
September 09, 2020
-
Anticipating The Coming Wave Of AI Enhanced PCs
FEATURE | By Rob Enderle,
September 05, 2020
-
The Critical Nature Of IBM’s NLP (Natural Language Processing) Effort
ARTIFICIAL INTELLIGENCE | By Rob Enderle,
August 14, 2020