The forecast for spending on devices in 2013 has been revised down from 7.9 per cent growth in Gartner's previous forecast, to 2.8 per cent to total $ 695 billion.

The decline in PC sales, recorded in the first quarter of 2013, continued into the second quarter with little recovery expected during the second half of 2013.

While new devices are set to hit the market in the second half of 2013, they may fail to compensate for the underlying weakness of the traditional PC market, Gartner said.

The outlook for tablet revenue for 2013 is for growth of 2.8 per cent, while mobile phone revenue is projected to increase 7.4 per cent this year.

Enterprise software spending is on pace to grow 6.4 per cent to touch $ 304 billion, while Telecom services spending is forecast to grow 0.9 per cent to $1.65 trillion in 2013.

Gartner said it expects the worldwide IT spending to grow by 4.1 per cent in 2014 to $3.87 trillion.

Of this, devices are expected to account for $ 740 billion, while spending on data centre systems is expected to touch $ 149 billion, enterprise software ($ 324 billion), IT services ($ 968 billion) and telecom services ($ 1.69 trillion).

Also Read: 7 Most Successful Enterprises By IIT Graduates

Also Read: 10 Best Data Recovery Software for 2013