Worldwide IT spending will rise by almost five per cent this year, as the economic climate slowly but speadily improves, consultants have said.
According to research by Gartner, spending on information technology will reach $3.4 trillion in 2010, a 4.6 per cent increase from 2009. While the expected growth is modest, it marks a significant improvement on last year, when worldwide IT spending declined 4.6 per cent.
Richard Gordon, research vice president at Gartner, said: "Our updated forecast for IT spending to reach $3.4 trillion in 2010 is actually a year earlier than we expected levelling our previous forecast update, and reflecting a bounce back in underlying IT spending from the sharp drop in 2009.”
All major sectors (computing hardware, software, services, telecoms, and telecom services) are expected to grow.
From a regional perspective, North America and Western Europe will contribute heavily to the global IT spending growth rate.
Gordon said: "Although recovery will be slow, over the next 12 to 18 months, gross domestic product (GDP) is projected to increase, consumer confidence is expected to improve, and the availability of credit should increase. At the same time, pent-up demand for new technologies will be released as enterprises focus on new growth opportunities and increase spending plans. IT vendors and service providers must ensure that they are poised to take advantage of this improving landscape."