Forrester: Global Tech Market Looking Better For 2015, At Least In The US

In Forrester’s semi-annual global tech market outlook for 2015 and 2016, we are projecting growth of 4.1% in 2015 and 6.3% in 2016 business and government purchases of computer and communications equipment, software, and tech consulting and outsourcing services measured in US dollars. These growth rates are distinct improvements over the 2.3% growth in 2014. The strong dollar is a key negative factor in these forecasts; measured in local currency terms, the growth track for the global tech market is higher with a gentler upward slope, from 3.3% in 2014 to 5.3% in 2015 and 5.9% in 2016.

Our outlook can be defined with five main themes:

  1. Moderate 5% to 6% rates in 2015 and 2016 in local currency terms.
  2. The US tech market will set the pace for the rest of the world in 2015 and 2016.
  3. New project spending will rise, but MOOSE spending still dominates.
  4. A focus on revenues will drive business technology investment.
  5. Software and services rule; hardware and outsourcing stew

 

Read more at: Forrester: Global Tech Market Looking Better For 2015, At Least In The US

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