In a shift, firms say US will lead IT growth

IT hardware and software companies expect to see most of their revenue coming this year from the US market, which is a reversal from the last two years when China and India led, according to KPMG in its annual survey of the technology business climate.

KPMG, an audit, tax and advisory firm, found in its survey that the U.S. market will provide the highest percentage of revenue and employment growth over the next 12 months, besting China, Brazil, and India in both areas. But this KPMG survey of 102 C-level or senior executives at hardware and software companies also dampens expectations about hiring. Coming out of the recession in 2010, 72 percent of those surveyed last year anticipated an increase in their firm's headcount. But in this survey, taken in May and June, the executives were less optimistic about the outlook, with 49 percent predicting a headcount increase this year.