Bangalore:  Forecast by Gartner a research firm that said the IT Sector would see an increase on global IT spending in 2012 by 4.6 percent has reviewed the forecast analysis and announced on Thursday that the percentage predicted would dip down to 3.6 percent from the expected 4.6 percent but as a matter of fact the brighter side is that there would still be 3.6 percent growth on global IT spending compared to last year.

The fall in this percentage is because of the decline in economic growth around the word, the euro debt crisis and ongoing impact of the Thailand floods which has lead to limiting the production of hard disk drives (HDD) which in turn has resulted in a sluggish economic growth that lead to down gradation of Gartner’s forecasts for worldwide IT spending this year.

"Thailand has been a major hub for hard-drive manufacturing, both for finished goods and components," Mr. Gordon said. "We estimate the supply of hard drives will be reduced by as much as 25 percent (and possibly more) during the next six to nine months. Rebuilding the destroyed manufacturing facilities will also take time and the effects of this will continue to ripple throughout 2012 and very likely into 2013." As reported by efytimes.com

The Thailand floods, that devastate one-third of the country under water would have major impact on the computing hardware sector as they would be experiencing the most significant slowdown because the country would limit its HDD production and supply to the vendors during the first six months of 2012, adding to it is also uncertainty and political issues going on in western Europe.

This scenario is advantageous for tablet manufacturers as they stand a fair chance to increase their production since they use flash drive unlike the Computers that use HDDs and hence the reduced production in HDDs would badly hit the computer manufacturers.