Research and Markets (http://www.researchandmarkets.com/research/c64ns9/global_it_market_2) has announced the addition of the "Global IT Market 2011-2015" report to their offering.

TechNavio's analysts forecast the Global Information Technology market to grow at a CAGR of 5.88 percent over the period 2011-2015. One of the key factors contributing to this market growth is strong demand of IT infrastructure in developing economies such as China, India, South Asia, Middle-East, and African nations. The Global IT market has also been witnessing upward trend owing to rapid growth of Information Technology Enabled Services segment. However, unstable global economic recovery and high government debt in the Eurozone pose challenges to the growth of this market.

Key vendors dominating this market space include Hewlett Packard Co., Samsung Electronics Co., IBM Corp.

Commenting on the report, an analyst from TechNavio's IT Services team said; Traditional desktops are being replaced by the increased use of thin-client devices in the form of tablet PCs and smartphones that have gained popularity in developing as well as developed economies. Mobile computing reduces the need for costly operating system processors and storage space. The Global IT market seems to be revolutionized by the adoption of cloud computing on a mass scale across geographical boundaries.

According to the report, the rapid development of ecosystems around cloud computing services has the potential to bring operational efficiency, reliability, and productivity. With the further advancement in cloud computing technology, data security and management issues will subside. The growth of the Global IT market will be catalyzed by the adoption of cloud computing services in one form or another by a majority of the Fortune 1000 companies, followed by SMEs.

Further, the report also discusses that unstable global economic recovery is a major challenge hindering the growth of the Global IT market.

For more information visit http://www.researchandmarkets.com/research/c64ns9/global_it_market_2