Are you likely to increase your business technology investment next year? If you are, then you’re not alone. Worldwide ICT spending is expected to accelerate in 2014, after dipping to its slowest pace of growth since the financial crisis in 2013, according to the latest market study by International Data Corporation (IDC).
Overall business technology spending is on course to increase by 4 percent this year at constant currency, reaching $2.04 trillion — that’s down from last year’s growth of 5 percent, due mainly to the slowdown in key emerging markets including China and Russia.
IDC forecasts that in 2014, a rebound in China and continued momentum in the U.S. and Europe will see a return to overall industry growth of more than 5 percent (reaching $2.14 trillion).