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Forrester gains higher level in U.S. Infotech purchase market
By siliconindia
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Wednesday, 13 April 2011, 01:34 IST
New Delhi:Forrester, the technology and Market Research Company has gained a higher level in the U.S. Infotech purchase market. Its level has exceeded from 7.4 percent to 8 percent in 2011. Looking at the number of segments by Forrester, software remains the largest part of the U.S. IT market at $219 billion, telecommunication services at $197 billion and communication equipments at $108 billion.
Forrester's research is based on economic data such as GDP growth and business profits, technology cycles of innovation, growth and digestion, and exchange rates. Their forecasts are not driven by surveys because as a methodology they've found time and again it is backward looking.
One of the reasons for the progress level of Forrester is the solid U.S. economic growth. But most important is the strong momentum in business purchases of technology goods and services and the change of U.S. projections.
Inspite of many hurdles, Forrester has reached to a higher level as the U.S. economy is stronger eternally. The cause for Forrester's growth was due to the U.S tech market with an increase in its share by 8.9 percent by 2010. According to growth rate, the spending on IT is predicted to touch $609 billion this year.
Forrester, being a highly recognized agency has rated Infosys as the leader for innovation, customer value proposition and vision operations, strategy consulting and continuous improvement among various companies in its wave report. As a result, Infosys believes, 'Forrester's rating confirms their position as a leader in the market'.
Forrester has raised the growth forecast for the global IT market, pegging it at an extremely healthy 9.3 percent, nearly four percentage points higher than the last technology forecast.
Cloud computing, the biggest buzzword last year, is important but not that important.Much of the growth in the US IT market will come from a new generation of smart computing technologies,which Forrester defines as software that will help companies get better results from their assets and liabilities as opposed to prior tech cycles which solved pressing business problems.