"United States Information Technology Report Q3 2016" is now available at Fast Market Research
New Computer Technology market report from Business Monitor International: "United States Information Technology Report Q3 2016"
[ClickPress, Tue Jul 19 2016] We maintain a positive outlook for the US IT market in our Q 3 2016 report. We forecast strong growth in the overall IT market value in 2016, as it is estimated to g row by 4. 5 % and reach a value of USD710.156bn . As such, we believe that the US IT market will be a strong performer when compared with other developed markets throughout the medium term, posting a CAGR of 4.1% in the 2016-2020 period. T otal spending is anticipated to exceed USD831.867bn by the end of 2020. Primary growth drivers include s trong macroeconomic fundamentals and greater interest from enterprises in the latest products and solutions. We have a particularly bullish outlook for the domestic cloud computing, real-time enterprise software, security and big data markets. We expect to see strong growth in these emerging technologies, particularly in the latter years of our forecast, and for the US to be at the forefront of global adoption and innovation. Meanwhile, the retail hardware outlook is more mixed, as we expect continued demand growth for tablets in the retail market once it stabilises after the rapid initial diffusion of ownership; however, desktop and notebook sales continue to be squeezed.
Full Report Details at
Latest Updates & Industry Developments
Computer Hardware Sales: From USD227.747bn in 2016 to USD244.486bn in 2020. The overall hardware market will remain an underperformer due to market saturation and replacement volumes driving sales.
Software Sales: From USD200.221bn in 2016 to USD241.091bn in 2020. Enterprise software-as-a-service adoption has strong momentum, deepening the market but also exerting price pressures on vendors, while demand for cybersecurity solutions is an area of faster growth.
IT Services Sales: From USD282.188bn in 2016 to USD346.29bn in 2020. The Internet of Things ecosystem is developing rapidly. However, as a proportion of the overall market, it remains small. Meanwhile, cloud computing adoption is already high in the US and we expect strong growth to continue over the medium term, helping to maintain the US position of global leadership.
The United States Information Technology Report features BMI Research'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.
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