Forecast Report

US Tech Market Outlook For 2012 To 2013

Improving Economic Prospects Create Upside Potential

April 4th, 2012
With contributors:
Christopher Mines , Sarah Musto , Jamie Warner

Summary

CIOs care about tech market trends for three reasons: 1) to understand how much other firms are spending on information and communications technologies (and where); 2) to determine where they ought to be investing more to keep up with competition; and 3) to be better able to negotiate with vendors by understanding how well they are or aren't doing. With the US tech market projected to grow by 7.5% in 2012 (7.1% including telecommunications services) and even faster in 2013, CIOs should be more focused on increasing, not cutting, tech budgets. Equally important, CIOs need to know where to spend. This report breaks down the 2012 to 2013 US tech outlook by specific products and services to show which ones are growing rapidly or slowly. It also provides the US tech outlook by industry, along with trends in US information and communications technology (ICT) budget benchmarks relative to revenues.

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