Americans’ personal income grew 0.2% in September 2008, which was higher than the expected 0.1%. Personal spending fell 0.3%.
Albanian IT market reached $89.34 mln in 2007
Albania’s IT market reached 89.34 mln USD in 2007, representing 28.3% year-on-year growth. In local currency, the market expanded 16.3% YOY. Combined revenue from shipments of PCs, servers, storage devices, and hardcopy peripherals amounted to about 80% of the market in 2007. Nevertheless, IT services was the fastest expanding IT market segment in 2007, recording 49.3% YOY growth. IDC expects the Albanian IT market to expand at an annual average of 16.7% over the next five years to reach 193.4 mln USD in 2012, acording to IDC.
60% of US consumers to reduce spending this holiday season
53% of Americans surveyed by Deloitte expect the economy to weaken in 2009, compared with 43% of people who expressed that view in 2007. Almost 60% of US consumers said they would reduce spending this holiday season. Shoppers plan to spend about $532 on gifts, down 6.5% from 2007, and buy fewer items.
27% of IT execs cutting sales and marketing expenses
27% of IT industry execs said they were cutting sales and marketing expenditures, and only 15% said they were reducing planned R&D spending, DLA Piper says.
IT services spending in UAE increased 41% in 2007 to nearly $791 mln
According to a recent IDC study, IT services spending in UAE increased 41% year on year in 2007 to nearly $791 mln. While 2006 saw infrastructure-related services, such as hardware and software installation and support, making up the largest portion of the IT services market, the situation changed in 2007 when systems integration services took the lead, constituting 19% of the market. It was followed by hardware support and installation (15.7%) and software support and installation (12.8%). The combined outsourcing category comprised 18.1% of the IT services market in UAE last year. On the demand side, the combined government sector, with 26.7% of total services spending, was the largest customer for IT services, followed by the financial sector with 16.7%. The third-largest sector, with an 8.6% market share, was the combined agriculture, construction, and mining vertical, according to IDC. IDC predicts that spending on IT services in UAE will continue to grow by an annual average of 23.9% over 2008-2012 to reach $2.3 billion in 2012, according to IDC.
50 services companies accounted for 53.4% of the IT and business services market in Europe in 2007
According to a recent study published by IDC, the top 50 services players accounted for 53.4% of the IT and business services market in Europe in 2007. Revenue growth was particularly high in the top 21-50 vendors, with rates above 20% in dollars, due to a mix of organic growth and market consolidation. The aggressive growth rates of Indian players, three of which are already in the top 21-50 positions, also helped to increase the average growth rate. The top 20 companies grew at a lower 16.2% in constant dollars.
Western European IT services market will grow 4.8% in 2008-2012
According to a recent study published by IDC, the Western European IT services market will grow 4.8% in 2008-2012, to reach $249 billion by 2012. Despite the economic downturn, higher demand for outsourcing combined with the increasing externalization of custom application developments will drive IT services spending upwards by 5% in 2008.
IT spending to grow 2.3% in 2009
IT spending will increase 2.3% in 2009, down from our earlier projection of 5.8%, Gartner says.
US IT spending to grow 5.4% in 2008
Forrester envisions US IT spending to grow 5.4% in 2008, up from a May prediction of 3.4% growth.
49% of US companies to cut IT budgets
Of the companies polled by Forrester Research, 49% in the United States said they’d cut back IT budgets, which compares to 38% of companies in Canada, 33% in the Britain, 32% in France and 28% in Germany.
Private line services market to reach $40 bln in 2008
$40 bln private line services market is posting solid growth for a third straight year, says INSIGHT Research.
21% of CIOs expect their security budgets to increase
21% of Forrester survey respondents expect to increase their IT security budgets in 2009, while nearly three-quarters of those surveyed expect no cutbacks in their security spending. Only 6% of respondents anticipate having to cut their security budget 2009 despite the current economic uncertainty. Security makes up 10% of overall IT operating budgets in 2008, up from 8% in 2007. Nearly 50% of respondents report to a board/CEO or an executive committee. Security is no longer embedded within IT. Data protection is critical. More than half of respondents said that protecting corporate IP and customer data was their top priority for the next 12 months. Companies are realizing the significance of having business continuity and disaster recovery plans in place. 42% of respondents said it was very important, up from 33% from 2007.
Global IT spending to reach $3.4 trln in 2008
Worldwide IT spending will reach $3.4 trln in 2008, an 8% increase over 2007, according to Gartner.
Top Russian Internet advertisers: Ford, MTS, Megafon, GM, Vympelkom
Mindshare Interaction published a list of top advertisers in Internet sector in Russia Federation, compiling the data for the first half of 2008. Ford Motor Co led the way with $4.6 mln spending, followed by Russian mobile operators MTS and Megafon, then by US automaker General Motors, another mobile operator Vympelkom OAO, automakers PSA Peugeot Citroen, Nissan, electronics conglomerate Samsung, Honda and Procter & Gamble. Total Internet spending by top 10 advertisers in .ru sector of the Internet spent $20 mln total in the first 6 months of 2008.
US small businesses to spend $280 bln on IT by 2012
US businesses are expected to spend $688 bln on information and communications technology in 2008. Small businesses will boost ICT budgets by up to 8% a year, spending $280 bln by 2012, Compass Intelligence says.
EAS market in the Czech Republic declined 4.5% YTY in 2007
Expansion of the enterprise application software (EAS) market in the Czech Republic slowed to 4.5% year on year in 2007, down from 6.4% in 2006. The value of the market exceeded $117 mln in 2007. In 2008, IDC expects the market to regain momentum and expand by a further 10% to reach a value of $129 mln . In 2007, enterprise resource management (ERM) remained the largest functional area of the Czech enterprise application software market, accounting for 41.6% of EAS market value. Customer relationship management (CRM) increased in popularity, rising from fourth place in 2006 to second place last year to account for just under a fifth of the market. Operations and manufacturing modules were the third most in demand, with a 17% share. Supply chain management (SCM) represented 15% of the total market, while integrated business analytics (BA) accounted for 7.1%, according to IDC.
Worldwide remote branch spending to grow 6% to $24.2 bln by 2011
The remote branch market is evolving into one of the key IT battlegrounds, a new study from IDC shows. According to IDC, worldwide remote branch spending will increase at a 6% compound annual growth rate (CAGR) from $19.4 billion in 2007 to $24.2 billion in 2011.
Worldwide spending on Internet ads will total $65.2 bln in 2008
Worldwide spending on Internet advertising will total $65.2 bln in 2008, which represents nearly 10% of all ad spending across all media. With IDC’s Digital Marketplace Model and Forecast projecting 15-20% annual growth throughout the forecast period, this share will reach 13.6% by 2011 as Internet ad spending grows to $106.6 bln worldwide. The United States will lead the world in both total advertising spending and online ad spending throughout the forecast period with expenditures of more than $265 bln and $45 bln respectively in 2011, according to IDC.
Virtualization growth rising from 46% in 2007 to 54% in 2008
The pace of adoption of virtualized servers is incredibly rapid among organizations that are using virtualization, with 35% of servers purchased in 2007 being virtualized and 52% of those bought in 2008 expected to be so. 54% of those not using virtualization expect to do so in the next 18 months. Growth of virtualization as a strategy remains strong, rising from 46% of the base to 54%, according to IDC.
Telecom spending to reach $923.91 bln in 2008
Total communications spending is projected to increase 5.4% to $923.91 bln in 2008, as strong gains in the institutional and alternative media sectors offset the downward pressure of declining traditional advertising spending, according to Veronis Suhler Stevenson. The industry’s primary growth driver in 2008 is the institutional sector, particularly professional & business information services and education & training media. Institutional media spending is expected to increase 8.5% to $245.39 bln in 2008. Total spending on communications will continue to outpace U.S. economic growth during the 2007-2012 period, increasing at a 6.2% CAGR compared with a 5.6% CAGR for nominal GDP. Communications will be the second-fastest growing of the 15 U.S. economic sectors during the forecast period and will exceed $1 trln in 2010, with spending reaching $1.183 trln in 2012, according to the VSS Forecast.
Medium-sized business enterprise applications market will grow to $80.3 bln by the end of 2012
IDC forecasts that the small and medium-sized business (SMB) enterprise applications market will grow to $80.3 bln by the end of 2012, representing a 10.6% compound annual growth rate (CAGR) for the 2008-2012 period.
The Brazilian IT market will grow to $24 bln
IDC predicts that the year 2008 will close with total spending on hardware, software, and services in Brazil at $23 bln, nearly equal to the $24 bln expected in the Spanish market. Northeast region of Brazil is the fastest growing region for IT investment in Brazil even though it is not among the top 3 regions in the country. IT investments by companies in this region are accelerating at an impressive rate and at a higher growth rate than any other region. The Northeast accounts for 11% of total IT spending in Brazil now, or $2.5 bln. All IT spending in Brazil this year, 33% will be in the hands of corporations with more than 500 employees. At the same time, small companies, which have been investing steadily in technology over the past several years, will account for 13% of total IT investment in the country.
Consumer spending to reach $234 bln by 2012
Overall global consumer spending both online and by mobile phones is expected to grow 21.8% annually, to $234 bln by 2012, according to Pricewaterhouse. By contrast, spending in the United States will grow at a rate of 16.1%, to $75 bln.
Open source software to generate $4.83 bln by 2012
IDC expects worldwide revenue from open source software to grow at a 23% CAGR to reach $4.83 bln by 2012. Worldwide revenue from standalone OSS in 2007 was $1.73 bln.
40% of global R&D spendingis done by the US
70% of foreign scientists and engineers who received PhD’s from US universities remained in the country after receiving their degree. US accounts for 40% of all scientific R&D spending in the world, employs 70% of the world’s Nobel Prize winners and houses 75% of the world’s top 40 universities, Rand said.