(Professional Services Close – Up Via Acquire Media NewsEdge) The information technology (IT) is likely to experience moderate growth in 2014, according to the IT Industry Outlook 2014 released by CompTIA, a non-profit association for the IT channel.
According to a release, consensus forecast of CompTIA projects a growth rate of 3.4 per cent in 2014 for the IT industry worldwide, with a potential upside of 5.9 percent. The U.S. forecast is slightly lower than 3 percent, with a potential upside of 5.4 percent.
CompTIA noted that in comparison, recent estimates of the United Nations provides that the global economic growth to 3 percent worldwide and 2.5 percent in the United States for 2014.
In addition, quarterly CompTIA IT Industry Business Confidence Index increased by 2.1 percentage points in the 1st quarter of 2014 , 60.2 out of 100 – point scale . The forward-looking component of the index provides a gain of 2.2 points, which, if realized, would mark a record in the five -plus year history of the survey. The index is based on the opinions of the U.S. economy, the IT industry and their business IT managers.
“The importance of technology to business success has never been as great as it continues to move from a support tool to a strategic driver”, vice president, research, CompTIA.
A range of cloud computing technologies, mobile applications, big data and others have caught bigger with customers over the last two years, he noted, although business confidence nascent industry is offset to some extent by margin pressures in product categories.
Looking ahead to 2014, IT services and software showing the most growth potential, according to the forecast CompTIA. IT hardware is expected to grow at a slightly slower rate.
On the employment front, 41 percent of companies plan increased investment in IT personnel in technical positions this year, compared to 15 percent of the organic plant decreases. Among the non-technical positions, 32 percent of businesses in the program increases and decreases by 16 percent.
CompTIA view 2014 as a year of momentum and continuity, the incremental advances in several areas as they make their marks on the producers and consumers of technology. Twelve trends to watch over the next 12 months: Macro Trends- technology becomes a core competency for most businesses.
A range of technologies cloud computing, mobile apps, big data and others have gained a bigger foothold with customers over the past two years, he noted, though rising industry business confidence is offset to some degree by margin pressures in key product categories.
Looking ahead to 2014, IT services and software show the most growth potential, according to the CompTIA forecast. IT hardware is projected to grow at a slightly lower rate.
On the employment front, 41 percent of IT companies plan increased investments in staffing in technical positions this year, compared to 15 percent that plan staffing decreases. Among non- technical positions, 32 percent of firms plan increases and 16 percent decreases.
CompTIA views 2014 as a year of momentum and continuation, as incremental advancements in several areas make their marks on the producers and consumers of technology. Twelve trends to watch over the next 12 months: Macro Trends -Technology becomes a core competency for more businesses.
- -Mass customization gets more sophisticated.
- -Processes and workflow get a makeover.
- -Technology is increasingly embraced as the remote control of life.
- Technology Trends -Cloud wars intensify.
- -Diverse devices flood the market.
- -Big data has a little sibling.
- -Software’s appetite is not satisfied.
- IT Channel Trends -When it comes to your channel business, it’s OK to stay in two lanes.
- -Time to rebrand the “trusted advisor.” -Back to basics: Reinvesting in technical expertise.
-Channel dynamics: Partner or competitor? CompTIA’s IT Industry Outlook 2014 is the result of an online survey of 525 IT industry companies conducted in late December 2013.