The IT Industry vs. The U.S. Economy

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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

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The IT Industry vs. The U.S. Economy

  1. 1. 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 Forecast For 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 Sector Taking 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. Hardware Optimistic projection: 3.6% Pessimistic projection: 0.0% IT Services Optimistic projection: 5.6% Pessimistic projection: 1.2% 1.8% Midpoint projection Software Optimistic projection: 5.0% Pessimistic projection: 1.0% 3.0% Midpoint projection 3.4% Midpoint projection Telecom Optimistic 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 CompTIA Research and Market Intelligence provides timely, relevant data and insights for the IT industry. CompTIA has a library of over 100 research reports and whitepapers, with new material published each month. Using rigorous research techniques, CompTIA collects data from tens of thousands of end-users and IT companies on a wide range of issues covering tech trends, channel dynamics and the IT workforce. CompTIA members get this research as part of their member benefits.

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