Tech Spending on Wall Street in 2012: Is the Bull Back?
Published January 11, 2012 8:59 PM
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Updated July 22, 2016 12:03 PM
1 Min Read
Tech Spending on Wall Street in 2012: Is the Bull Back?
Spending on hardware, software and communications all is expected to grow by more than 5% this year, in the latest Gartner forecasts.
Is this the year that not just trading firms, but companies of all stripes get bullish on technology spending, again?
Here's a snapshot look at the consulting firm's prognostication.
Is this the year that not just trading firms, but companies of all stripes get bullish on technology spending, again?
Here's a snapshot look at the consulting firm's prognostication.
HARDWARE<br><br>
Spending on desktop computers, servers and other computing devices is expected to grow from $404 billion to $424 billion, worldwide.
SOFTWARE<br><br>
Spending on programs and writing of applications is expected to grow from $268 billion to $285 billion.
SERVICES<br><br>
This is cooling down. Growth is expected to be less than half of that a year ago, with spending hitting $874 billion.
COMMUNICATIONS GEAR<br><br>
As work forces get more mobile, spending is rising. Expect $475 billion to be spent worldwide more than on computing gear.
COMMUNICATIONS SERVICES<br><br>
Already huge, expect spending on bandwidth and networking of various types to be $1.74 billion, up from $1.70 billion.
PERSONAL COMPUTERS<br><br>
Yes, a negative number. PCs are falling out of favor and dont need to be replaced as frequently. Unit sales in 2012 are projected at 369.0 million, down from 403.8 million.
TABLETS<br><br>
Aahh, but then there are tablets. Maybe only 58 million got sold in 2011, because of continued weakness of non-iPad sales. But Gartner expects more than 90 million to get sold in 2012.
