In the next two years, slower activity in IT spending will be seen as companies bounce back from the financial crisis, and there will be transition from using old technologies to adopting new ones. These are some of the market insights of technology and market research firm Forrester Research, as stated in their Global Tech Market Outlook for 2012 and 2013.
The IT market posted a 10-percent growth rate in spending back in 2011, according to Forrester Research Lead Analyst Andrew Bartels. This year, however, it will go down to five percent, but will bounce back by 2013 at eight percent.
A shift from old tech platforms to new ones will likely be seen in the next two years. New technologies will enable companies to be more productive and efficient particularly in decision-making processes. This transition will also result to an increase in demand for IT consulting, as companies that will be making the shift will need guidance on how they can benefit from using newer tech platforms.
The report also states that spending on mobile devices will grow to $28 billion by 2013. This can be attributed to the increase in spending on Apple products. There will be a decrease of three percent in spending on Wintel products this year, while cloud computing is seen to fuel growth of the software market.