Rounding out the top 3 industries in growth are Healthcare, Utilities and Resource Industries (Source: IDC Worldwide Vertical Markets, Q3 ’12 IDC Black Book). An important point for consideration is that 20-25% of this spend is on mobile/consumer type technologies.
In addition to the increased spend, CIOs have outlined 6 primary initiatives to help drive revenue, profit and business optimization. Atop of the trends are Cloud and Big Data initiatives, which both enable IT to be aligned with the business while driving more innovation – this is emphasized by a majority of organizations (60-85%) just starting off on these projects.
Related: Gartner (ID:G00239472) in November released its revised five-year compound annual growth rate (CAGR) for 2011 through 2016 for global IT spending by businesses and public-sector agencies, which is forecast to be 2.6%. The 2012 Annual Growth Rate (AGR) by Vertical for 2012 is listed below and as shared is expected to be similar until 2016.
Gartner – IT Spending Forecast, 4Q12 Update: 2013 – The Year Ahead