Menu
US tech spending to see 'solid, steady growth' this year and next, Forrester says

US tech spending to see 'solid, steady growth' this year and next, Forrester says

Stability in the federal government is spurring Forrester's confident outlook

Combined U.S. business and consumer spending on technology will rise 5.3 percent this year to US$1.315 trillion and 6.0 percent to $1.4 trillion in 2015, thanks to an improving economy and an acceleration in purchases by businesses and government agencies, according to Forrester Research.

"2014 looks like the first year since 2011 that threats of federal government shutdowns, potential failures to raise the federal debt ceiling, and austerity measures will not disrupt the prospects for US economic growth," Forrester vice president and principal analyst Andrew Bartels said in a report released Thursday.

By specific category, software spending will grow the fastest, by 8.6 percent this year to $284 billion, and 9.4 percent to $310 billion in 2015. Within software, mobile applications will be particularly hot during the period, Bartels wrote.

IT consulting services will benefit from the uptick in software sales as they help customers implement products. Revenue in this category is expected to jump 8.1 percent both this year and next, reaching $198 billion in 2015.

Computer and peripheral sales will rise 6.7 percent to $134 billion this year and 6.0 percent next year to $142 billion.

Spending on communications equipment will hit $135 billion next year, driven by a 5.2 percent increase this year and a 6.4 percent jump in 2015.

Telecommunications services, the largest category in Forrester's survey, will generate $354 billion in revenue this year, a 1.7 percent rise. Growth in the category will pick up in 2015, jumping 3 percent to $364 billion.

Chris Kanaracus covers enterprise software and general technology breaking news for The IDG News Service. Chris' email address is Chris_Kanaracus@idg.com


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags business managementIT managementmobileinternetbusiness issuesNetworkingservicesstoragesoftwaretelecommunicationForrester Researchhardware systemsindustry verticals

Brand Post

What to expect from your IT Distributor

Whether you’re just starting out or you’ve been around since before the dot com rollercoaster, choosing the right distribution partner can be a pivotal factor in your success. This definitive guide outlines the traits that every IT partner needs to look for in their IT Distributor.

Featured

Slideshows

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

More than 500 channel leaders gathered in Auckland on 21 October at the ​Reseller News Innovation Awards ​2020 to celebrate the achievements of the New Zealand technology industry's top partners, start-ups, vendors, distributors and individuals.

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners
Meet the winners of the 2020 Reseller News Innovation Awards

Meet the winners of the 2020 Reseller News Innovation Awards

Reseller News honoured the standout players of the New Zealand channel in front of more than 500 technology leaders in Auckland on 21 October, recognising the achievements of top partners, start-ups, vendors, distributors and individuals.

Meet the winners of the 2020 Reseller News Innovation Awards
Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

This year’s Reseller News 30 Under 30 Tech Awards were held as an integral part of the first entirely virtual Emerging Leaders​ forum, an annual event dedicated to identifying, educating and showcasing the New Zealand technology market’s rising stars. The 30 Under 30 Tech Awards 2020 recognised the outstanding achievements and business excellence of 30 talented individuals​, across both young leaders and those just starting out. In this slideshow, Reseller News honours this year's winners and captures their thoughts about how their ideas of leadership have changed over time.​

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners
Show Comments