Gartner predicts that high-definition based video meeting solutions will replace 2.1 mln airline seats annually, costing the travel and hospitality industry $3.5 bln per year. From 2009 to 2013 the server virtualisation software market will grow with a CAGR of 28%, rising from $1.8 bln to $6.2 bln.
|Amount||% of Respondents|
|Less than $100||18|
|More than $500||24|
IT spending on in 2009 will contract 3% compared with 2008 to $1.66 trln, according to Forrester Research.
The consumer electronics industry is projected to generate $171 bln in US shipment revenues in 2009, according to Consumer Electronics Association. CEA’s estimate of final shipment revenues for 2008 showed the industry reached a new high of $172 bln, an increase of 5.4% over 2007. In 2009, overall, CEA projects that domestic shipment revenues will essentially remain flat at $171 bln, a decrease of 0.6% over 2008. The primary revenue driver for the industry continues to be digital TV displays, representing 15% of total industry shipment dollars. As the transition to digital television nears, unit shipments of DTVs will approach 35 mln in 2009, an increase of nearly 6% over 2008 shipments. LCD displays remain the top choice among consumers, representing 77% of total DTV units. Blu-ray players are expected to see major growth in 2009. With more content, new products and lower prices, Blu-Ray revenues are projected to surpass $1.2 bln.
|Product Category||Q1-Q3 2007||Q1-Q3 2008||Growth|
(Factory & Dealer Assoc.)
|Auto Dealerships – Local||3,422.9||3,327.1||-3%|
|Quick Service Restaurant||2,929.6||3,258.1||11%|
|Wireless Telephone Services||2,663.7||2,675.8||0%|
|Direct Response Product||1,657.6||2,110.4||27%|
|Top 10 Product Categories||30,546.9||30,731.3||1%|
DisplaySearch forecast LCD television revenues would fall 16% YTY to $64 bln in 2009, with total TV revenues expected to decline 18% to $88 bln. For 2009, DisplaySearch predicts the LCD TV market will grow 17% to 119.9 mln units, 11.5 mln units less than previously forecast.
|Parent Company||Q1-Q3 2007||Q1-Q3 2008||Growth|
|Procter & Gamble Co.||2,526.0||2,342.3||-7%|
|General Motors Corp.||1,730.4||1,659.6||-4%|
|Verizon Communications Inc.||1,018.8||1,125.6||10%|
|Toyota Motor Corp.||1,246.8||1,194.1||-4%|
|Ford Motor Co.||1,452.0||1,112.9||-23%|
|Johnson & Johnson||1,005.2||1,059.1||5%|
|Time Warner Inc.||983.9||878.2||-11%|
|General Electric Co.||680.3||807.9||19%|
|Total Top 10||12,743.8||12,227.8||-4%|
Worldwide IT spending will grow 2.6% YTY in 2009, down from IDC’s pre-crisis forecast of 5.9% growth. In the United States, IT spending growth is expected to be 0.9% in 2009, according to IDC. IDC expects IT spending to make a full recovery by the end of the forecast period with growth rates approaching 6.0% in 2012. IDC estimates that more than $300 bln in industry revenues will have been lost due to slower spending over the next four years. IDC lowered the forecast for worldwide GDP growth in 2009 to 0.3%, which is 1.5% lower than the current forecast and worse than any year since World War II. This produced a forecast of 0.1% growth in worldwide IT spending in 2009 with negative growth in the United States, Western Europe, and Japan.
|Product Category||Growth, YTY|
|Total Retail Category (Excludes Travel)||6%|
|Video Games, Consoles & Accessories||60%|
|Furniture, Appliances & Equipment||52%|
|Sport & Fitness||40%|
|Flowers, Greetings & Misc. Gifts||14%|
|Home & Garden||6%|
|Consumer Electronics (excluding PC Peripherals)||1%|
|Computers, Peripherals & PDAs||0%|
|Apparel & Accessories||-2%|
|Toys & Hobbies||-3%|
|Jewelry & Watches||-11%|
|Music, Movies & Videos||-29%|
65% of Americans would prefer to receive $100 in cash, instead of a specific present or a gift card of the same value. This result is up nine points from Western Union’s first survey, fielded in mid-September 2008. 53% of those who would prefer cash would use that money on basic living expenses such as gas, groceries and bills. Only 14% would spend it on a treat for themselves. 79% of Americans believe cash is a good gift because people can use it to get what they really want. There has been a dramatic drop in the number of respondents who plan to give gift cards for services such as a manicure or a pre-paid phone card. Two months ago that figure was 40%, but now the number is 30%.
62% of those with household incomes of less than $50,000 are likely to give cash. 53% of those with more than $50,000 in household income are likely to give cash. 65% of Americans said they often end up spending more on gifts than they had planned to spend.