Save or Share this Report

For CIOs

A Weak Start To 2014 Economic Growth Leads To Slower Global Tech Market Growth

Software Buying In The US And Other Tech Twelve Countries Will Drive 3.9% Local Currency Tech Growth In 2014

August 11, 2014

Primary author headshot

Authors

Why Read This Report

Halfway through 2014, the global tech market is still trying to get out of second gear, with projected local currency growth of 3.9% (3.3% in US dollars), not the third-gear growth of 5.5% we projected in January. With the US economy actually shrinking in Q1 2014, the US tech market will not be the pacesetter that we expected. Instead, Latin America and EEMEA (Eastern Europe, the Middle East, and Africa) will have the best growth, with Canada and Western Europe lagging. Customer-process technologies (which are at the heart of the business technology agenda) will attract the most demand, with a 9.6% rise. By category, software will grow fastest by 5.8% (in local currency terms), led by analytics and customer applications in general and software-as-a-service (SaaS) applications in particular. IT consulting and implementation services will also rise, pulled by the higher software spending but lagging due to the reduced systems integration spending with SaaS. Spending on IT outsourcing, communications equipment, and computer will grow more slowly than the overall tech market.

Get Access

Already a Client?

Log in to read this document.

Become a Forrester Client

Customers are the new market-makers, reshaping industries and changing how businesses compete and win. Success depends on how well and how fast you respond. Forrester Research gives you insights and frameworks aligned to your role to shorten the time between a great idea and a great outcome, helping your teams win in the age of the customer. Contact us to learn more.

Purchase Report

This report is available for individual purchase ($499 USD).

Purchase

Table of Contents

  • Global Tech Purchases Will Be $2.2 Trillion In 2014, Up 3.3% In US Dollars
  • Downgrades In 2014 Growth Forecasts For Most Major Economies
  • US Tech Market Slips Back Into The Middle Of The Pack
  • Inside The Software, Services, And Hardware Markets In 2014 And 2015
  • RECOMMENDATIONS

  • Don't Let Slower Tech Growth Keep You From Buying The Tech You Need
  • ALTERNATIVE VIEW

  • External Factors Stall Economic Expansions, Slowing Tech Spending
  • Supplemental Material
  • Related Research Documents

Recommended Research