Traditional desktops are being replaced by the increased use of thin-client devices in the form of tablet PCs and smartphones that have gained popularity in developing as well as developed economies. Mobile computing reduces the need for costly operating system processors and storage space. The Global IT market seems to be revolutionized by the adoption of cloud computing on a mass scale across geographical boundaries.
The rapid development of ecosystems around cloud computing services has the potential to bring operational efficiency, reliability, and productivity. With the further advancement in cloud computing technology, data security and management issues will subside. The growth of the Global IT market will be catalyzed by the adoption of cloud computing services in one form or another by a majority of the Fortune 1000 companies, followed by SMEs.
The Global Information Technology market is forecast to grow at a CAGR of 5.88 percent over the period 2011–2015. One of the key factors contributing to this market growth is strong demand of IT infrastructure in developing economies such as China, India, South Asia, Middle-East, and African nations. The Global IT market has also been witnessing upward trend owing to rapid growth of Information Technology Enabled Services segment. However, unstable global economic recovery and high government debt in the Eurozone pose challenges to the growth of this market. Report Scope
TechNavio's report, the Global IT Market 2011–2015, has been prepared based on an in-depth analysis of the market with inputs from industry experts. It covers the landscape of the global IT market and examines its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors dominating this market space include Hewlett Packard Co., Samsung Electronics Co., IBM Corp.,
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