IDC maintains global IT spending growth at 6.5% | india | Hindustan Times
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IDC maintains global IT spending growth at 6.5%

india Updated: Apr 30, 2007 19:40 IST

Information technology industry research firm Intenational Data Corp (IDC) said on Monday that there is no clear evidence of a downturn in global IT spending linked to a slowdown in the United States. It has maintained its forecaast of growth in worldwide IT spending unchanged at 6.5 per cent for 2007.

IDC said in a statement ahead of its annual conference in New Delhi on Wednesday that market predictions remain robust, though there may be some room for caution.

"The macroeconomic indicators that IDC uses to gauge the strength and direction of IT spending do not yet indicate that we are headed for a downturn in global IT spending," IDC USA's Chief Research Officer John Gantz, who is visiting India for the first time as the keynote speaker at Directions 2008, IDC's 20th annual briefing session for the ICT industry in India.

"We maintain strong forecasts for investment in network equipment during the remainder of 2007, and there are currently no indicators to change this view. Surveys continue to indicate, also, that businesses remain enthusiastic about the potential benefits of software-related solutions including on-demand software, business intelligence and information management," IDC said.

Based on current macroeconomic assumptions and first quarter data for 2007, IDC maintains its view that the IT market will expand in the range of 6 to 7 per cent during 2007, the statement said.