As the market outlook stabilises despite the eurozone crisis and slow economic recovery, Gartner predicts global IT spending will reach $3.6 trillion with 3% Y-o-Y growth.
"There has been little change in either business confidence or consumer sentiment... the short-term outlook is for continued caution in IT spending," Gartner remarks.
The latest Q2 2012 forecast also shows slight improvement over the Q1 projection of 2.5% growth from the analyst.
The market has some "bright spots"-- enterprise spending on public cloud services should reach $1 Read more...