Worldwide IT spending will reach $3.7 trillion this year, according to the latest forecast from market research firm Gartner. The company's latest estimate forecasts a two percent growth rate, down just over two percent from their previous quarter's prediction of 4.1 percent, due mostly to changes in the dollar's exchange rate.
"Exchange rate movements, and a reduction in our 2013 forecast for devices, account for the bulk of the downward revision of the 2013 growth," said Richard Gordon, managing vice president at Gartner, in a prepared statement. "Regionally, 2013 constant-currency spending growth in most regions has been lowered. However, Western Europe's constant-currency growth has been inched up slightly as strategic IT initiatives in the region will continue despite a poor economic outlook."
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