The global tech market growth for the year 2011 is expected to be 9.7%, according to Forrester.
According to Forrester’s forecast, IT market growth expected in 2012 in US dollars is 5.4%.
Those growth rates are a bit lower than the firm’s prior forecast in September 2011 of 5.5% in US dollars.
It estimates the global tech market to grow by 9.7% in 2011.
The main reason for the slower growth rate in 2012 is the gloomy economic climate in Europe.
Therefore, the European tech market is expected to increase by only 0.3%.
The US tech market will see about the identical growth rates in both 2011 and 2012 at 6.8% and 6.6%, respectively.
The Asia-Pacific tech market is expected to better as Japan recovers from the effects of the earthquake and the tsunami.
But in 2013, the research firm foresees growth improving in the global tech market to 8%.
