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Global IT Spending Set For Modest Growth
By Mike Sachoff
Staff Writer
Article Date: 2010-02-25
A slow but steady improvement in the macroeconomic environment in 2010 should lead to modest growth in overall IT spending, according to a recent forecast by Gartner.
Global IT spending will reach $3.4 trillion in 2010, a 4.6 percent increase from 2009. Although modest, this projected growth represents an improvement from 2009, when global IT spending declined 4.6 percent. All major segments (computing hardware, software, IT services, telecom, and telecom services) are expected to grow in 2010.
"Last quarter, we did not expect to see IT spending levels recover to 2008 levels until 2011, however, now, with the upward revision to the current dollar forecast, we are projecting that global IT spending this year will approach the level seen in 2008," said Richard Gordon, research vice president at Gartner.
"Our updated forecast for IT spending to reach $3.4 trillion in 2010 is actually a year earlier than we expected leveling our previous forecast update, and reflecting a bounce back in underlying IT spending from the sharp drop in 2009."
IT spending growth in emerging markets (with the exception of central and eastern Europe and some Gulf states) is on track to lead the way, with spending forecast to grow 9.3 percent in Latin America, 7.7 percent in the Middle East and Africa and 7 percent in Asia/Pacific.
Recovery in Western Europe, the United States and Japan will start more slowly, with Western Europe increasing 5.2 percent, the U.S. growing 2.5 percent, and Japan increasing 1.8 percent.
About the Author:
Mike is a staff writer for WebProNews. Visit WebProNews for the latest ebusiness news.
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