the it industry vs. the u.s. economy
TRANSCRIPT
A recovering economy is keeping IT industry growth predictions for 2013 low. Compared to forecasts for the United States’ growth, though, the IT industry will have a healthier year.
Bottom line: U.S. IT industry growth is expected to outpace the nation’s GDP by 38 percent in 2013.
The U.S. GDP versus IT
The U.S. Bureau of Economic Analysis and IMF expect the U.S. GDP to grow
2.1% in 2013
CompTIA predicts a 2.9% U.S. IT industry
growth this year
Comparisons reflected in CompTIA’s IT Industry Outlook 2013
The IT Industry The U.S. Economy
Versus
U.S. IT Industry Revenue ForecastFor 2013, CompTIA predicts a U.S. IT industry growth rate of 2.9%, with an upside potential of 4.9%, and worst-case scenario of 0.6% Disappointing earnings at the end of 2012, increasing cost pressures and shrinking prices factored into this restrained forecast.
4.9%Optimistic Projection2.9%
Midpoint Projection
0.6%
Pessimistic Projection
US IT Industry Revenue Growth Forecast by SectorTaking a deeper look at the different IT industry sectors, the most bullish predictions came through for software and services. The steady decline of PC use and withering landline telephone business contributed to the weaker projections in hardware and telecom.
HardwareOptimistic projection: 3.6%
Pessimistic projection: 0.0%
IT ServicesOptimistic projection: 5.6%
Pessimistic projection: 1.2%
1.8%Midpoint projection
SoftwareOptimistic projection: 5.0%
Pessimistic projection: 1.0%
3.0%Midpoint projection
3.4%Midpoint projection
TelecomOptimistic projection: 4.0%
Pessimistic projection: 0.3%
2.2%Midpoint projection
2.1%Growth
2.9%Growth
View additional CompTIA business research at http://www.comptia.org/research/businessandeconomics.aspx
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