Slideshow Tech Spending on Wall Street in 2012: Is the Bull Back?

Published
  • January 11 2012, 8:59pm EST
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Tech Spending on Wall Street in 2012: Is the Bull Back?

Spending on hardware, software and communications all is expected to grow by more than 5% this year, in the latest Gartner forecasts.

Is this the year that not just trading firms, but companies of all stripes get bullish on technology spending, again?

Here's a snapshot look at the consulting firm's prognostication.

HARDWARE<br><br>

Spending on desktop computers, servers and other computing devices is expected to grow from $404 billion to $424 billion, worldwide.

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SOFTWARE<br><br>

Spending on programs and writing of applications is expected to grow from $268 billion to $285 billion.

SERVICES<br><br>

This is cooling down. Growth is expected to be less than half of that a year ago, with spending hitting $874 billion.

COMMUNICATIONS GEAR<br><br>

As work forces get more mobile, spending is rising. Expect $475 billion to be spent worldwide – more than on computing gear.

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COMMUNICATIONS SERVICES<br><br>

Already huge, expect spending on bandwidth and networking of various types to be $1.74 billion, up from $1.70 billion.

PERSONAL COMPUTERS<br><br>

Yes, a negative number. PCs are falling out of favor and don’t need to be replaced as frequently. Unit sales in 2012 are projected at 369.0 million, down from 403.8 million.

TABLETS<br><br>

Aahh, but then there are tablets. Maybe only 58 million got sold in 2011, because of “continued weakness of non-iPad sales.” But Gartner expects more than 90 million to get sold in 2012.