Global IT industry to return to growth in 2010

 

Worldwide spending on the rise

Global IT spending should return to growth in 2010 for the first time since the recession, a Gartner report said today.

The report forecast that worldwide IT spending will reach US$3.4 trillion ($3.76 trillion) in 2010, a 4.6 percent increase from 2009, where worldwide spending fell 4.6 percent from the previous year.

"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 spend this year will approach the level seen in 2008," said Richard Gordon, research vice president at Gartner.

All major segments – computing hardware, software, IT services, telecom and telecom services – are expected to grow in 2010.

But Gartner predicts the biggest growth drivers to be IT services at 5.6 percent, followed by software at 4.9 percent and telecoms at 4.6 percent.

IT spending growth is anticipated at seven percent in Asia-Pacific.

Recovery in Western Europe, the US and Japan will start more slowly, with Western Europe increasing 5.2 percent, the US growing 2.5 percent, and Japan increasing by 1.8 percent.

A recent Gartner survey of 1,586 CIOs, representing more than US$126 billion in corporate and public-sector IT spending, showed worldwide IT budgets in 2010 increasing by a weighted global average of 1.3 percent in nominal terms compared with 2009.

itweek.co.uk @ 2010 Incisive Media


Global IT industry to return to growth in 2010
 
 
 
 
 
Top Stories
Windows 8: Under the hood
Part One of iTnews' enterprise guide to Windows 8.
 
iTnews on tour: The Executive Summit Series
Join us in Sydney and Melbourne to meet Australia's tech leaders.
 
Meet Westpac's new technology leaders
Engineering realigned under CTO.
 
Sign up to receive iTnews email bulletins
   FOLLOW US...

Latest VideosSee all videos »

Latest Comments
Polls
Was your 2012 IT budget...




   |   View results
Cut by less than ten percent?
  15%
 
Cut by more than ten percent?
  34%
 
Flat
  27%
 
Increased by less than ten percent?
  7%
 
Increased by more than ten percent?
  16%
TOTAL VOTES: 409

Vote
Will you still use DropBox and other cloud storage in the wake of the Megauploads saga?

   |   View results
Yes
  65%
 
No
  35%
TOTAL VOTES: 303

Vote