Research and Markets - Cisco's Shares Rise Despite Decline in IT Spending

Feb 12, 2016, 11:55 ET from Research and Markets

DUBLIN, February 12, 2016 /PRNewswire/ --

The global data center market is expected to be worth $14 billion by 2019, according to a new report published on Research and Markets. IT is now the backbone of every business and it is prompting enterprises worldwide to invest in data centers. This projection is being affected by a global slowdown in information-technology spending, despite networking giant Cisco's shares rising 10% on Thursday[1].

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Reports such as the Global Digitization IT Spending Market had predicted the market to grow at a rate of 5%, with the increasing need to improve customer experience and business sustainability fueling the growth of IT spending. But Cisco reported weak spending in the data center market, with other analysts predicting trouble for other products such as networking, servers, storage and virtualization. Shares in EMC, IBM and HP Enterprises all fell in a generally weak market.

However, Cisco said demand for security and next-generation data centers withstood the downturn. This ties in with the predictions made by a recent report on the global IT spending market, which predicted growth at a rate of 9.88% between 2015 and 2019.

According to the report, the growing demand for operational efficiency is a critical driver that augments growth in this market. IT solutions aid in securing sensitive data from unauthorized access and also help to analyze real-time and historical trends of business activities. This helps in identifying risk areas and ensures optimized performance.

For further information on this topic, and a full list of all related documentation, please visit the Data Centers section at http://www.researchandmarkets.com/rm/LMRM.

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[1] Source: Reuters

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