The worldwide PC semiconductor market is expected to top $66 billion by 2008, driven by economic growth that spurs corporate spending, a market research firm said Monday.
The semiconductor market for desktops and mobile PCs is expected to increase at a compound annual growth rate (CAGR) of 7.8 percent from 2003 to 2008, rising from $45.4 billion to $66.1 billion, respectively, International Data Corp. said. This year, the market is expected to jump by 18 percent to $53.6 billion.
The PC semiconductor market is expected to hit its stride this year, because of economic growth that has boost corporate spending, IDC analyst Shane Rau said. Both those factors were missing in 2003.
"In 2003, only part of the year did we see clear economic growth, and none of the year did we see significant spending by corporations on IT equipment," Rau said. "In 2004, we expect more significant economic growth and IT spending increases largely reflective of corporate spending."
Earlier this year, IDC upgraded its projections for IT spending growth in 2004 to 7 percent more than 2003. The analyst firm had forecast 5 percent.
