Tech Spend Begins To Rise As Recession Weakens

By Bill Ives
Expert Author
Article Date: 2010-07-16

I recently wrote that collaborative applications market remains strong. Here is more good news as Businessweek reports that IDC predicts that global tech spending is set to rise by 3.8 percent, to $1.5 trillion this year after falling by 4.2 percent in 2009. In addition, Gartner predicts a surge in worldwide personal computer shipments-which are on track to rise 22 percent this year.

In my last post on collaborative applications I mentioned the potential success of best of breed players. The Businessweek report suggests that large players, Microsoft, Dell, Oracle, Adobe Systems and others have all reported strong earnings. Microsoft has sold 150 million copies of Windows 7 since its debut in October, making it the fastest-selling operating system in the company's history. Despite this Apple recently pulled ahead of it in market capitalization, at least for the moment.

In another survey by KPMG, tech executives indicate excitement over the newer, high-growth areas such as mobile computing, cloud-based software, and applications that can smartly analyze reams of data. Part of the growth is coming from newer markets. Sixty percent of tech executives surveyed by KPMG said they expect China to contribute more than any other country to their revenue growth over the next year.

Let the good news keeping rolling in.

Comments

About the Author:
Dr. Bill Ives is an independent consultant and writer who has worked with Fortune 100 companies in business uses of emerging technologies for over 20 years. For several years he led the Knowledge Management Practice for a large consulting firm.. Now he primarily helps companies with their business blogs. He is also the VP of Social Media and blogger for TVissimo, a new TV schedule search engine. Prior to consulting, Dr. Ives was a Research Associate at Harvard University exploring the effects of media on cognition. He obtained his Ph. D. in Educational Psychology from the University of Toronto. Bill can be reached at his blog: Portals and KM. He also writes for the FastForward blog and the AppGap blog.