Forecast Report

US Tech Market Outlook Dims For 2012 To 2013

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

September 28th, 2012
With contributors:
Christopher Mines , Joanna Clark , Jamie Warner

Summary

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.

Want to read the full report?

This report is available for individual purchase ($1495).

Forrester helps business and technology leaders use customer obsession to accelerate growth. That means empowering you to put the customer at the center of everything you do: your leadership strategy, and operations. Becoming a customer-obsessed organization requires change — it requires being bold. We give business and technology leaders the confidence to put bold into action, shaping and guiding how to navigate today's unprecedented change in order to succeed.

With
Christopher Mines
Joanna Clark
and Jamie Warner