The crisis in the eurozone together with the floods in Thailand will both impact the amount spent on IT during 2012, according to the latest figures from analyst company Gartner.
Previously, the firm put spending forecasts for the coming year on IT at a 4.6% increase on 2011, but this has now been reduced to 3.7%.
It has now put spending forecasts for 2012 at around $3.8 trillion.
During 2011, $3.7 trillion was spend on IT worldwide, an increase of 6.9% on 2010.
The main four technology areas of computing hardware, enterprise software, IT services, and telecommunications equipment and services, will probably undergo slower growth than previously expected.
The floods in Thailand resulted in a third of the country being left underwater, with many of the computer hardware-producing factories completely wiped out.
Research vice-president at Gartner, Richard Gordon, said that due to Thailand being a major international centre of hard drive manufacturing, supply may be reduced by a quarter or more over the coming year.
Copyright Press Association 2012