{"id":1145,"date":"2024-10-11T17:03:06","date_gmt":"2024-10-11T15:03:06","guid":{"rendered":"https:\/\/onelink-dev.econocom.com\/italy\/?p=1145"},"modified":"2024-10-22T10:33:03","modified_gmt":"2024-10-22T08:33:03","slug":"economic-recovery-in-sight-a-gradual-upturn-in-the-it-market-by-2024","status":"publish","type":"post","link":"https:\/\/onelink-dev.econocom.com\/italy\/2024\/10\/11\/economic-recovery-in-sight-a-gradual-upturn-in-the-it-market-by-2024\/","title":{"rendered":"Economic recovery in sight: a gradual upturn in the IT market by 2024"},"content":{"rendered":"
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According to the IT Forecast study from Context, the anticipated economic rebound predicted for the second half of 2024 is gaining traction, as evidenced by a 2.1% increase in Q2 2024 revenues. This marks the first positive quarterly growth since Q1 2023.<\/span><\/strong><\/span><\/p>\n

However, experts are cautious about the outlook for the end of the year. Although the upturn is palpable, reaching the high end of annual growth forecasts, estimated at 3%<\/strong>, will depend on several factors, including a significant recovery in notebook sales (volume sector) and increased investment in technology infrastructures (value sector).<\/span><\/p>\n

The distribution market is expected to grow by 1.8% in the third quarter of 2024. An acceleration of this growth is expected in the fourth quarter, boosted by the lowering of comparison bases, an increase in mobile hardware sales, and continued progress in software-related sectors.<\/span><\/p>\n

For the third quarter of 2024, forecasts indicate that growth in the volume and value sectors should remain at similar levels. However, from the fourth quarter onwards, the situation will change: the value sector, driven by software and storage solutions, will overtake the volume sector.<\/span><\/p>\n

From the first signs of the third quarter, the volume sector seems to be performing better than expected, thanks to a solid performance in July, driven by increases in consumables, printers, personal systems and telecommunications.<\/span><\/p>\n

2024 forecast by sector and country\u00a0<\/strong><\/span><\/p>\n

After two years of decline, the personal systems segment is expected to play a leading role in IT market growth in 2024. However, other volume sectors, such as monitors and printers, are likely to find it difficult to maintain their revenues. Infrastructure results will remain negative until the fourth quarter, due to a slowdown in new orders and the depletion of backlogs accumulated in 2023. The software sector, on the other hand, should remain solid throughout the year.<\/span><\/p>\n

Context anticipates overall IT market growth in 2024 of between 2.1% and -2.6%, with a mid-point of around 0.3%.<\/span><\/strong><\/p>\n

In 2023, all IT markets in the European region recorded negative results. However, forecasts for 2024 are more encouraging, with a gradual stabilization.<\/span><\/p>\n