September 11, 2012 – Economic conditions have put a damper on worldwide IT spending this year, though strong software sales and expectations of more investment in the cloud made for bright spots in a new industry forecast by IDC.

IT spending growth is expected to settle in at $2 trillion for 2012, or approximately 6 percent higher than spending in 2011, according to IDC’s “Worldwide Black Book,” a forecast of IT spending in 54 countries and more than two-dozen market segments, such as hardware, software, IT services and mobile. IDC pointed to growth driven forward with more sales in software, storage and enterprise network and mobile devices, but offset by a slowdown in PC and server markets, as well as worrisome European economic conditions. Overall IT spending continues to tick upward, and, not including telecom investment, is predicted to reach $2.46 trillion by 2016.

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