WorldView

The Retail/Hospitality market is entering a time of unprecedented IT growth for 2015 according to IHL's WorldView IT Spend Forecast with overall IT spending to surpass $190Billion USD worldwide, an increase of 5% over 2014.

And for the first time in several years, the percentage growth will be greater in North America than even in emerging BRIC countries, increasing over $5 Billion in new spending over 2014 levels.

The WorldView retail model is predicting overall IT spending growth of 5.7% in North America, driven by huge investments retailers in payment systems, data security, Omnichannel integration and mobile proliferation and engagement.

Slowdown in spending growth in China, increasing challenges in Brazil and India, increasing tensions in Russia/Ukraine and the potential spread of Ebola in Africa are creating a strong drag on growth in the regions. Europe in particular, after seeing a nice rebound in IT spending thus far in 2014 is facing a tremendously uncertain winter season since most of its natural gas comes from Russia through pipelines in the Ukraine. As those prices rapidly increase, retail spending will decline which will have a negative effect on IT spend.

IHL's WorldView IT Spend model reviews the IT spending by segment and region of the world for over 300 different retail technologies. Don't base your sales plan on internal forecasts. Get access to the most detailed review of IT spending and forecasts in the market.