Feeds

IDC cuts worldwide 2005 PC forecasts

'Worsening economic conditions

  • alert
  • submit to reddit

Remote control for virtualized desktops

Analyst house IDC has cut its forecasts for PC sales for the year - it now expects the market to grow by four per cent in Western Europe, five per cent in the US and just one per cent in Japan.

Stephen Minton, vice president of worldwide IT markets at IDC, said the first quarter was mainly stable and some vendors performed solidly.

But he warned:”There were some mixed signals in the United States, however, and in Europe the worsening econmic conditions began to impact IT spending towards the end of the quarter.”

"We remain focused on the downside of expectations for Q2 and the rest of the year, with interest rates, oil prices, and currency fluctuations all potential wild cards which could impact business confidence and investment.”

IDC forecasts worldwide IT growth will slightly outpace growth in GDP. Between 2005 and 2009 the global IT market will grow at a compound annual rate of six per cent, down from the eight per cent growth predicted back in March. China, India and Russia are likely to show the strongest growth.

The need for bandwidth and increasing use of wireless networks will drive network spending which is expected to reach $61bn in 2005.

Press release here ®

Related stories

IDC sees slow year for IT in Europe
IDC crimps PC forecasts, cites US outlook
World PC sales still growing

Remote control for virtualized desktops

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Internet Security Threat Report 2014
An overview and analysis of the year in global threat activity: identify, analyze, and provide commentary on emerging trends in the dynamic threat landscape.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.