Positives will outweigh negatives for IT in 2014: CompTIA

It won’t be the best of times, but it won’t be the worst of times either. According to IT channel industry association CompTIA, the worldwide IT industry will likely experience moderate growth this year.

The group has released a consensus forecast that projects a 2014 growth rate of 3.4 per cent for the global IT industry, with upside potential of 5.9 per cent. That would be in line with a recent United Nations forecast, which projected global economic growth at three per cent.

“The importance of technology to business success has never been greater as IT continues to transition from supporting tool to a strategic driver,” said Tim Herbert, vice president, research at CompTIA, in a statement.

Herbert said technologies such as cloud computing, mobile apps, big data and others have found traction with customers, although riding industry business confidence could be tempered by margin pressures in key product categories. In 2014, CompTIA points to IT services and software as having the most growth potential. Hardware will still grow, although at a lower rate, and with higher margin pressure.

In terms of hiring, always a key measure of business confidence, 41 per cent of IT companies planned to invest in technical staff, while 15 per cent were planning decreases. In non-technical positions, 32 per cent were hiring and 16 per cent decreasing staff. CompTIA expects medium-sized IT firms to be the most aggressive hiring on both fronts.

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Jeff Jedras
Jeff Jedras
A veteran technology and business journalist, Jeff Jedras began his career in technology journalism in the late 1990s, covering the booming (and later busting) Ottawa technology sector for Silicon Valley North and the Ottawa Business Journal, as well as everything from municipal politics to real estate. He later covered the technology scene in Vancouver before joining IT World Canada in Toronto in 2005, covering enterprise IT for ComputerWorld Canada. He would go on to cover the channel as an assistant editor with CDN. His writing has appeared in the Vancouver Sun, the Ottawa Citizen and a wide range of industry trade publications.

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