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US Tech Market Outlook Dims For 2012 To 2013

US Tech Spending Growth Will Maintain A Mediocre 4% To 5% Pace

September 28, 2012

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  • By Andrew Bartels
  • with Christopher Mines,
  • Jamie Warner,
  • Joanna Clark

Why Read This Report

This report details Forrester's projections of tech market growth in the US. We have reduced our forecast for 2012 growth in the US tech market from our April projections of 7.5% for total US business and government spending on information and communication technologies and IT staff to our current forecast of 4.9%, with a similar downgrade for 2013 prospects. One reason is the domestic economic outlook, which has been less positive than we expected due to worries about Europe, US federal budget policies, and slowing growth in emerging markets. A second reason is downward revisions to the historic data on tech investment, which challenge our long-held thesis that new technologies are driving faster tech market growth. Despite our reduced forecast, we still expect business and government spending on these new technologies of cloud computing, smart computing, and mobility will grow significantly faster than our overall forecast for the tech market.

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Table of Contents

  • US ICT Spending Will Grow By 4.9% In 2012 And 5.0% In 2013
  • Behind The Numbers: Weaker Growth And Data Revisions
  • 2012 ICT Budget Growth Will Vary By Industry, With Media Rising Fastest

  • "The Only Thing We Have To Fear Is Fear Itself"

  • Federal Budget Compromises Allow Stronger US economic Growth
  • Supplemental Material
  • Related Research Documents

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