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SMB IT spending to fall short of growth forecasts

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http://www.itwire.com – The global recession hit SMBs harder than expected and IDC has revised earlier growth forecasts for the sector, predicting that spending on IT by small-to-medium businesses will increase by just 5.5 percent between now and 2014, which is considerably lower than previous forecasts. (IT news)

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Submitted by taskli on 03/25/2010 – Made popular on 03/25/2010

Stories similar to SMB IT spending to fall short of growth forecasts

Spending on data centre hardware in Australia is expected to reach $1.83 billion this year, up 8.8 percent over last year, with forecasts predicting a significant consolidation and reduction in the number of centres over the next few years.

Written by: Peter Dinham | Published in: Cloud ComputingWorldwide IT spending is on track to reach US$3.6 trillion this year with a modest three percent increase from 2011 spending of $3.5 trillion, and with enterprise spending on public cloud services one significant growth area in what analyst firm, Gartner, describes as a “lacklustre growth outlook” for the global IT market.

Research firm Gartner announced Thursday that it has lowered its 2012 IT spending forecast, with spending expected to rise only 3.7 percent, rather than the previous forecast of 4.6 percent growth.

Analyst Gartner has increased its forecast for worldwide IT spending in 2013, revising its Q3 2012 figure up from 3.8 per cent growth to 4.2 per cent higher than last year’s figure. The analyst is now forecasting that worldwide IT spending will hit $3.7 trillion in 2013.

Growth in cloud services is surging around the world as cloud computing rapidly outstrips the projected growth rate for traditional IT products. Forecasts predict that global revenues from cloud services will reach $55.5 billion by for for 2014, up from more than $16 billion last year.

The current worldwide outlook for sales of PCs look bright, with an exceptional fourth quarter last year followed by year-on-year growth in shipments of 27.1 percent in the first quarter of this year, and forecasts by IDC of further recovery in the market after the global economic downturn.

New Zealand's unified communications market is back on track after a slow return to growth post the global economic downturn, with forecasts that the UC market is now is likely to hit $212.2 million by 2017.

There is a positive outlook for growth in spending on IT in the global financial markets sector next year, with predictions that the sector will increase its spend on IT vendors by 4.5 per cent in 2011.

I have the XML at http://i.wxbug.net/REST/SP/getForecastRSS.aspx?api_key=7rehzgsjg993tv5bc...

And the following Java classes:

Forecasts.java:

@Root(strict=false) public class Forecasts {

@ElementList(inline=true, type=Forecast.class, name="aws:forecast", empty=true) private List<Forecast> forecasts;

public List<Forecast> getForecasts() { return forecasts;