Worldwide IT spending across vertical industries to decline 3.5% in 2015, says Gartner
Press release, September 24; Joseph Tsai, DIGITIMES [Thursday 24 September 2015]
Worldwide IT spending across vertical industries is forecast to total US$2.69 trillion in 2015, a 3.5% decrease from 2014, according to the latest forecast by Gartner. Analysts said the rising US dollar is chiefly responsible for the slowdown.
"Appreciation of the US dollar (mainly against the euro, yen and the ruble), along with the relative slowdown of emerging markets (particularly Russia, Brazil and China), had a double impact on IT spending in 2015, and explains the downward revision in the forecast," said Anurag Gupta, research vice president at Gartner. "Unsurprisingly, most technology firms reporting revenues in US dollars have taken a negative hit on their quarterly revenue earnings." Although all industries are expected to experience negative growth in 2015, given currency exchange rates, Gartner's projections for the top three growth industries are consistent with the previous quarter's forecast, with retail, banking and securities, and healthcare providers leading industry growth.
Gartner: Worldwide IT spending forecast by vertical industry, 2015 (US$m)
|
| 2014 spending
| 2014 growth
| 2015 spending
| 2015 growth
| Banking & securities
| 498,377
| 2.1%
| 486,278
| (2.4%)
| Communications: media services
| 444,639
| 1.5%
| 428,675
| (3.6%)
| Education
| 66,524
| 1%
| 64,182
| (2.5%)
| Government
| 447,114
| (1.2%)
| 424,660
| (5%)
| Healthcare providers
| 107,934
| 2.7%
| 104,982
| (2.7%)
| Insurance
| 187,958
| 1.8%
| 182,572
| (2.8%)
| Manufacturing & natural resources
| 498,995
| 1%
| 476,546
| (4.5%)
| Retail
| 179,538
| 2.5%
| 176,916
| (1.5%)
| Transportation
| 133,785
| 1.6%
| 129,696
| (3.1%)
| Utilities
| 149,379
| 1.3%
| 143,479
| (3.9%)
| Wholesale trade
| 87,707
| 0.69%
| 82,011
| (3.2%)
| Total market
| 2,798,950
| 1.2%
| 2,699,998
| (3.5%)
|
Source: Gartner, compiled by Digitimes, September 2015
More text at digitimes.com |
