Global IT spending to hit US'$1.5 trillion by 2010'

Powered by SC Magazine
 

Global IT spending is expected to reach US$1.5 trillion by 2010, new research shows.

The IDC report predicts worldwide IT spending will grow by six percent each year until 2010. Global spending last year totalled US$1.2 trillion.

The study also claims that international spending on IT services is set to reach US$587 billion by the end of the decade, reflecting an annual growth rate of six percent. The largest areas of growth will be government, banking and discrete manufacturing, according to the report.

Software expenditure is expected to hit US$237 billion over the same period, with an annual growth rate of eight percent. The fastest growing markets will be healthcare, communications and government, the intelligence firm said.

Furthermore, hardware spending will peak at US$562 billion in 2010 driven by spending from consumers and government sectors, the research claims.

 
 
 
Top Stories
Content, cost & constant innovation: How Foxtel plans to take on Netflix
Nell Payne inhabits the “brave new world of blue strings and networking”. Just don't ask her to put a TV screen on your microwave.
 
Westpac fires starting pistol on core banking upgrade
St George readies itself for move to Celeriti.
 
Sending in the drones
Margins are getting tighter in the industrial services industry, so Transfield Services' Stephen Phillips looks offshore - and to the skies - for the solutions he needs to keep pace.
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest Comments
Polls
Should Optus make a bid for iiNet?

   |   View results
Yes
  43%
 
No
  57%
TOTAL VOTES: 565

Vote