CCTV.com - CNTV English - CCTV News


Homepage > News > Biz >

Global IT markets robust in H1: report

08-04-2010 10:21 BJT

SAN FRANCISCO, Aug. 3 (Xinhua) -- Worldwide spending on information technology (IT) rebounded quickly and beat expectations in the first half of 2010, but still faces an uncertain future due to the possibility of a double-dip economic recession, research firm IDC said on Tuesday.

"The first half of 2010 was robust by any standards for the IT industry," Stephen Minton, vice president of worldwide IT markets and strategies at IDC, said in a statement.

In a new report released on Tuesday, IDC attributed the solid recovery of IT markets to capital spending on new hardware by businesses, governments and consumers taking advantage of a stabilized economy to work off pent-up demand for new personal computers and other equipment.

As a result, IDC said it is raising its projection for annual IT spending in 2010 to 1.51 trillion U.S. dollars, representing a growth of 6 percent over the previous year in constant currency.

According to IDC's forecast, the real strength of the IT markets rebound lies in emerging markets and China is expected to lead the way with a 21-percent growth in IT investment this year.

Among mature economies, the U.S. IT market is set to grow 5 percent and Western Europe, where economic recovery has been slower to materialize, is expected to post an IT spending growth of 3 percent in constant currency.

However, analysts at IDC also cautioned against excessive exuberance about the IT market.

"Our surveys indicate that businesses are still cautious about committing to new, long-term IT projects, and are still anxious about the possibility of a double-dip recession," Minton noted.

"Decision-making cycles remain long, and many enterprises have contingency plans in place for the next 12 months which could see more projects suspended," he said.

Based on a double-dip recession scenario, IT markets growth in 2011 could be flat with a less than 1 percent growth and recovery would be sluggish in 2012, IDC predicted.

Editor:Xiong Qu |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program