Boston, MA -- (SBWIRE) -- 08/08/2014 -- The outlook for US IT spending is strong relative to the majority of developed markets over the medium term , as a result of stronger economic performance and a greater appetite from enterprises for the latest products and solutions. Cloud computing, real-time enterprise software, security and big data are all areas of spending in which we expect to see rapid growth , particularly in the latter years of our forecast. the retail hardware outlook is more mixed, as we expect continued demand growth for tablets in the retail market; however, desktop and notebook sales continue to be squeezed. There is also potential for deeper fiscal retrenchment to hit government IT spending. The NSA PRISM scandal continues to produce fallout amid concerns about data security in the cloud computing market. Total spending is expected to reach USD665 bn in 201 4 , up 5. 3 % from 201 3 , and grow at a CAGR of 4.4 % 2014- 201 8.

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Headline Expenditure Projections

- Computer Hardware Sales: USD217bn in 2013 to USD225bn in 2014, an increase of 3.8%. Booming tablet sales are driving growth, but there is a boost to desktop sales in 2014 due to the withdrawal of official support for XP in April 2014, pushing upgrades.
- Software Sales: USD173bn in 2013 to USD184bn in 2014, an increase of 6.2%. Emerging technologies such as machine-to-machine and big data are being adopted by enterprises, while demand for cyber security solutions is also an area of growth.
- IT Services Sales: USD242bn in 2013 to USD257bn in 2014, an increase of 6.4%. Cloud computing adoption is already high in the US but we expect strong growth to continue over the medium term despite security concerns following on from the NAS Prism debacle.

Key Trends & Developments

In 2014 IBM reaffirmed its commitment to a strategy that will see it focus on higher value software and services. In January 2014 IBM agreed the sale of its x86 server business to Chinese PC vendor Lenovo for...

The United States Information Technology Report features Business Monitor International (BMI)'s market assessment and independent forecasts covering personal computers and software; semi-conductors, memory chips, integrated circuits and general components; the internet and IT solutions. It analyses analyses regulatory changes (licensing, customs and intellectual property protection) and competitive landscapes comparing IT companies by products, sales, market share, investments, projects and expansion strategies.

BMI's United States Information Technology Report provides industry professionals and strategists, corporate analysts, IT associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the IT industry in United States.

Key Benefits

- Benchmark BMI's independent IT Industry forecasts for United States to test other views - a key input for successful budgetary and strategic business planning in the American IT market.
- Target business opportunities and risks in United States's IT sector through our reviews of latest industry trends, regulatory changes, and major deals, projects and investments in United States.
- Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering IT, regulatory changes, major investments and projects and significant national and multinational company developments.

Regional Overview

Cross-border analysis of regional markets, commenting on IT penetration (PC and internet) and market growth drivers (IT market size and IT market compound growth).

Country Market Overview

Structure, size and value of the industry sectors including hardware, software and services; overview of the industry landscape and key players; assessment of the business operating environment and the latest regulatory developments and government authority.

BMI Industry Forecasts

Historic data series and forecasts to end-2018 for all key industry indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:

IT Sector: IT industry value (US$bn); IT sector contribution to GDP (%); value of hardware, software and services industry (US$mn); PC, peripherals and software imports and exports (US$mn); PC, peripherals and software sales (US$mn); number of PCs (`000); PCs/100 inhabitants; internet users (`000); internet users per 100 inhabitants; broadband subscribers (`000); broadband subscribers per 100 inhabitants.

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