Overall IT Spending to Increase 6% in 2013 with Both Regional and Vertical Opportunities

Total spending on IT hardware, software and services across all 15 enterprise industries will increase 6% in 2013 to reach approximately $474 billion, according to the IDC United States Black Book 4Q12. IDC analysts expect the U.S. economy to stabilize in the second half of 2013, having faced federal government "fiscal cliff" and budget sequestration, slowing GDP growth and falling international trade due to ongoing travails in the Euro zone. That will lead to "moderately strong IT spending growth" for the year.

"Global uncertainty has subdued the willingness of firms to expand their IT budgets," Ted Dangson, Vice President in IDC's global technology and industry research organization (GTIRO), commented. "Yet we've seen continued investments by companies as they prioritize the replacement of outdated technology, and pursue strategic IT initiatives focused on big data and analytics, cloud computing, and mobility."

"We expect total IT spending by enterprises in Arizona, North Dakota, Utah and Texas to grow at the highest rates in the country over the next year at more than 7% across all industries," added Natasha Menon, a GTIRO research analyst. "This growth is being driven by a high percentage of healthcare, manufacturing, and professional services businesses in these states and IT spending aligns with economic projections of employment growth in these industries." These regional opportunities bode well for many CHR clients.

Among the enterprise IT verticals IDC expects will grow at an above-average rate this year is health care IT spending, which it forecast will increase more than 8%, "due in part to the need to process and analyze increasing volumes of data from new clinical systems such as EHR.

"The professional services industry is also expected to grow more than 8%; a high correlation between overall corporate profitability and IT spending by professional services firms suggests robust spending within this industry as corporate profits are forecasted [sic.] to improve," IDC states in a press release.

We at CHR Solutions continue to believe these trends in IT are favorable for clients. Organizations continue to look towards information technology to make them more efficient and position them to better serve their customers. CHR Solutions can help you determine the best path forward to ensure you are maximizing this ongoing opportunity by being the leading provider of IT solutions in your local market.

Written by Kevin Kutcher at 10:00
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