Telecom equipment market to grow at 10.8% to $377 billion in 2012

Telecom Lead India: Telecom equipment market is expected
to grow at 10.8 percent to $377 billion in 2012 from $344 billion in 2011,
according to Gartner.

Telecom services market continues to be the largest IT
spending market. Telecom services growth is expected to come from net
connections, especially in emerging markets.

In mature markets, the growth will be from the uptake of
multiple connected devices, such as media tablets, gaming and other consumer
electronics devices.

Worldwide IT spending is on pace to reach $3.6 trillion
in 2012, a 3 percent increase from 2011 spending of $3.5 trillion, according to
the latest outlook by Gartner, Inc. Gartner’s 2012 IT spending outlook has been
revised up slightly from the 2.5 percent projection last quarter.

“While the challenges facing global economic growth
persist – the eurozone crisis, weaker U.S. recovery, a slowdown in China – the
outlook has at least stabilized,” said Richard Gordon, research vice
president at Gartner.

Gartner expects enterprise spending on public cloud
services to grow from $91 billion worldwide in 2011 to $109 billion in 2012. By
2016, enterprise public cloud services spending will reach $207 billion.

Business process as a service (BPaaS) still accounts for
majority of cloud spending by enterprises, but other areas such as platform as
a service (PaaS), software as a service (SaaS) and infrastructure as a service
(IaaS) are growing faster.

IT services spending is forecast to reach $864 billion in
2012, a 2.3 percent increase from 2011. Demand for consulting services is
expected to remain high due to the complexity of environments for global
business and technology leaders. Gartner analysts said consulting itself is
becoming increasingly technology-based with the rise of analytics and big data,
having deep implications on the future of consulting services.