Framingham, Mass.—Worldwide IT spending will increase 4.6% this year, down from a May forecast of 4.9% growth, according to a new report from International Data Corp.
The report, “State of the Market: IT Spending Review & Forecast Q2 2013,” breaks down IT spending by global regions.
IDC predicts IT spending in the U.S. will increase 4.6% this year, up from a May forecast of 4.2% growth.
“The big story since the last report three months ago is the change in momentum around emerging markets,” said Stephen Minton, VP-global technology and industry research at IDC, in a webcast. “The slowdown in economic growth has lasted longer than we assumed it would at the beginning of the year.”
Minton pointed to the economic slowdown in China as a factor in the revised forecast.
Excluding mobile spending, worldwide IT spending will be up only 1.7% this year. IDC earlier predicted 2.6% growth.