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
Inside the stalemate on Australia's piracy code
Still not registered almost five months on.
 
IT staff outline deep anger in Macquarie Uni survey
‘Morale at lowest point in a decade’.
 
Cost blowout to push NBN past $41bn budget
But government funding cap to remain.
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest Comments
Polls
New Windows 10 users, are you upgrading from...




   |   View results
Windows 8
  48%
 
Windows 7
  44%
 
Windows XP
  4%
 
Another operating system
  2%
 
Windows Vista
  1%
TOTAL VOTES: 678

Vote