Analyst firm Gartner has lowered its projections for worldwide IT spending, which it predicts will reach $3.350 trillion this year.
The figure is an increase of 3.9 per cent on 2009’s $3.225 trillion, less than the 5.3 per cent growth Gartner forecast earlier in the year.
According to the firm, this rethink is primarily down to the devaluation of the euro versus the US dollar, particularly when it comes to software, services and telecoms.
Worldwide hardware spending is forecast to reach $365 billion this year, up 9.1 percent from 2009.
"The computing hardware sector continues to benefit from a healthy PC sector, which accounts for two-thirds of total spending in this area, and we expect PC shipments to remain robust throughout 2010 and 2011," Richard Gordon, research vice president at Gartner, said.
"Consumer shipments will continue to be powered by strong mobile PC uptake, while professional shipments will be buoyed by a new replacement cycle and migration to Windows 7."