South Africa IT expenditure predicted to reach US$ 18.1 billion by 2017

South Africa’s IT expenditure will rise by eight percent within the next four to five years to US$18.1 billion,according to a recent report released by Business Monitor International (BMI).

The slowdown experienced this year, because of a Treasury audit, will not be speeded up, says the report. There is also a tendency towards taking safe options and avoiding risks because of the lack of economic stability.

Sale forecasts are lead by computer hardware sales with a 12 percent rise from US$5.4billion to US$6.1 billion. Windows 8 updates are expected to play a positive role in this growth.

Software is expected to bring in half in comparison to hardware income. From 2012’s US$2.4 billion, a growth of more than nine percent will push revenue to US$ 2.6 billion.

IT service profit will fall between the two estimates with a slight increase from 2012’s US$4.6 billion to US$4.7 billion in 2013, signifying a 14% raise.

Mining and manufacturing sectors are predicted to be slower in contrast to the growth of wholesale and retail trade, as well as financial and personal services. Growth boost will be experienced in the fields of infrastructure and transport projects.

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