Sign in | Join us  
      
 Popular Searches:diamond,cbn,tuck point blade,cup wheel,saw blade, brown fused alumina
Home -- Information


  Featured Companies
 • Yantai Cct Metal…
 • Dymend Tools Co.,…
 • Henan Boreas New…
 • Yancheng Xiehe Machinery…
 • EKF Industrial Supplies…
 • Ruishi New Material…
 • MORESUPERHARD
 • Henan Banner New…
 • Zhengzhou best synthetic…
 • Zhengzhou Haixu…

 Print  Add to Favorite
Custom your font size:     

Global IT markets robust in first half of 2010: report


Post Date: 04 Aug 2010    Viewed: 434

Worldwide spending on information technology (IT) rebounded quickly and beat expectations in the first half of 2010, but still faces an uncertain future due to the possibility of a double-dip economic recession, research firm IDC said on Tuesday.


"The first half of 2010 was robust by any standards for the IT industry," Stephen Minton, vice president of worldwide IT markets and strategies at IDC, said in a statement.


In a new report released on Tuesday, IDC attributed the solid recovery of IT markets to capital spending on new hardware by businesses, governments and consumers taking advantage of a stabilized economy to work off pent-up demand for new personal computers and other equipment.


As a result, IDC said it is raising its projection for annual IT spending in 2010 to 1.51 trillion U.S. dollars, representing a growth of 6 percent over the previous year in constant currency.


According to IDC's forecast, the real strength of the IT markets rebound lies in emerging markets and China is expected to lead the way with a 21-percent growth in IT investment this year.


Among mature economies, the U.S. IT market is set to grow 5 percent and Western Europe, where economic recovery has been slower to materialize, is expected to post an IT spending growth of 3 percent in constant currency.


However, analysts at IDC also cautioned against excessive exuberance about the IT market.


"Our surveys indicate that businesses are still cautious about committing to new, long-term IT projects, and are still anxious about the possibility of a double-dip recession," Minton noted.


"Decision-making cycles remain long, and many enterprises have contingency plans in place for the next 12 months which could see more projects suspended," he said.


Based on a double-dip recession scenario, IT markets growth in 2011 could be flat with a less than 1 percent growth and recovery would be sluggish in 2012, IDC predicted.


Superhard Material of China

Superhard Material of China

Abrasives and Grinding Products of China

Abrasives and Grinding Products of China

Coated Abrasives of China

Coated Abrasives of China

Chia International Abrasives & Grinding Exposition

China International Abrasives & Grinding Exposition

Home | About Us | Members | Contact | Advertising Quotation
Supported by Yuanfa Information Technology co.,Ltd
Copyright ©Abrasivesunion 2006. All rights reserved
Page rendered in 0.0235 seconds
增值电信业务经营许可证:豫B2-20202116  ICP备案:豫B2-20100036-2