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May 14, 2012

Global information technology market to grow by 5.88% until 2015: TechNavio

Driven by strong demand of IT infrastructure in developing economies

By CBR Staff Writer

The global information technology market will grow at a rate of 5.88% during the period 2011-2015, according to a report by global research firm TechNavio.

The report, "Global IT Market 2011-2015", revealed the growth will be led by strong demand of IT infrastructure in developing economies such as China, India, South Asia, Middle-East, and African nations as well as rapid growth of Information Technology Enabled Services segment.

The main vendors operating in the market would include Hewlett Packard, Samsung Electronics and IBM.

TechNavio IT Services team analyst said traditional desktops are being replaced by the increased use of thin-client devices in the form of tablet PCs and smartphones that have gained popularity in developing as well as developed economies.

"Mobile computing reduces the need for costly operating system processors and storage space," the analyst added.

"The Global IT market seems to be revolutionized by the adoption of cloud computing on a mass scale across geographical boundaries."

According to the report, advancement of ecosystems around cloud computing services can bring in operational efficiency, reliability, and productivity and with the greater adoption of cloud computing technology, data security and management issues will subside.

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TechNavio report also noted that the growth of the Global IT market will be led by the adoption of cloud computing services by a majority of the Fortune 1000 companies, including SMEs.

The Global IT market will be challenged by unstable global economic recovery and high government debt in the Eurozone, the report showed.

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