Research firm Gartner said spending on devices (including PCs, ultramobiles, mobile phones and tablets) contracted 1.2% to 669 billion U.S. dollars in 2013, while the global market for IT services grew 1.8% to 922 billion dollars. The telecoms services market shrank by 0.5% in 2013 to 1.63 trillion dollars, according to the research firm.
Gartner lowered its forecast for overall IT spending growth in 2014 to 3.1% from the 3.6% it forecast at the end of the third quarter 2013. "A downward revision of the 2014 forecast growth in spending for telecom services — a segment that accounts for more than 40% of total IT spending — from 1.9% to 1.2% is the main reason behind this overall IT spending growth reduction," said Richard Gordon, managing vice president at Gartner "A number of factors are involved, including the faster-than-expected growth of wireless-only households, declining voice rates in China and a more frugal usage pattern among European customers. The latter coincides in Western Europe with a breakout of fierce price competition among communications service providers to retain customers and attract new ones." source: Gartner statement
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