Continued demand from businesses and consumers will see worldwide IT spending continue to increase during the second half of 2013, it has been predicted.
IT analyst Gartner believes spending is on course to hit the $3.7 trillion (£2.4 trillion) mark this year, up two per cent on 2012.
However, this represents a downwards revision from the 4.1 per cent growth projection previously offered by the firm.
Richard Gordon, managing vice-president at Gartner, said exchange rate movements, and a reduction in the 2013 forecast for devices, account for the bulk of this downward revision.
"Regionally, 2013 constant-currency spending growth in most regions has been lowered," he stated.
"However, Western Europe's constant-currency growth has been inched up slightly as strategic IT initiatives in the region will continue despite a poor economic outlook."
Gartner has revised its prediction for spending on devices down from 7.9 per cent to 2.8 per cent growth, owing to slow PC sales.
The outlook for tablet revenue for 2013 is for growth of 2.8 per cent, while mobile phone revenue is projected to increase 7.4 per cent this year.
Gartner believes enterprise software spending is on pace to grow 6.4 per cent in 2013, while telecom services spending is forecast to rise 0.9 per cent.
The firm said that fixed broadband is showing "slightly higher than anticipated growth".
"The impact of voice substitution is mixed as it is moving faster in the consumer sector, but slightly slower in the enterprise market," Gartner added.
Last month, Gartner predicted flat IT spending from government organisations from 2013, down from 0.1 per cent growth last year.
The analyst said spending on mobile technologies, IT modernisation and cloud computing would increase, but other areas would see reduced levels of investment.
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Posted by Alex Boardman