Thursday, 31 January 2019 11:18

CompTIA projects global IT industry growth of 4%, but cautions on downturn Featured

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CompTIA projects global IT industry growth of 4%, but cautions on downturn Image courtesy of Stuart Miles at FreeDigitalPhotos.net

Tech industry association CompTIA has forecast global tech industry growth of 4% in 2019, with upside potential of 6.4% – but warns that conversely, an economic slowdown, exacerbated by international trade turmoil, could push the growth forecast to its low-end projection of 1.5%.

"It’s an exciting time as we embark on the next wave of innovation. Technology is more accessible than ever; and there are more opportunities to use technology to build and grow organisations," said Todd Thibodeaux, president and chief executive, CompTIA.

"While the potential is great, the challenges and anxieties are great, too. Our mission is to work with the tech community, and the workforce of today and tomorrow, to turn the possibilities of innovation into the realities of real-word benefits for the users of technology."

Among factors cited by industry executives surveyed by CompTIA that will help drive growth in the year ahead is their ability to reach new customer segments, and successfully selling new business lines and launching new products, such as in emerging technology areas.

CompTIA’s IT Industry Business Confidence Index remains in solidly positive territory, but the association cautions that there are a number of concerns on the minds of industry executives. Beyond the usual concern over customer spending weakness, executives cited the possibility of an unexpected shock, such as a financial crisis, government turmoil, and margin pressure as factors that could hinder growth.
 
CompTIA's 'IT Industry Outlook 2019' explores 12 trends shaping the tech landscape, its workforce, and its business models in the year ahead:

  1. Cloud, edge and 5G form the modern economic infrastructure;
  2. IoT and AI open new possibilities in ambient computing;
  3. Distributed technology models challenge existing structures;
  4. Stackable technologies supercharge digitisation efforts;
  5. Business of emerging technology prompts sales channels reinvention;
  6. Hyper-personalisation takes customer experience to next level;
  7. Partnerships bridge gaps in new tech ecosystem;
  8. Persistent tech-worker shortages fuel new, creative solutions;
  9. Digital-human models begin to shape the workplace of tomorrow;
  10. Technology professionals take the lead in anticipating unintended consequences;
  11. High tech increasingly transforms low tech; and
  12. Global tech hubs put spotlight on the ingredients for innovation.

"This year’s trends reaffirm the importance of thinking about technology holistically," said Tim Herbert, senior vice-president for research and market intelligence at CompTIA.

"While discussions of 'the next big thing have their place, the practical reality for most organisations is the need to understand how technology building blocks spanning infrastructure, applications, data, and as-a-service models fit together."

To view the complete CompTIA report click here.

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Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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