Mumbai: Global research firm Gartner Inc said on Thursday worldwide IT spending would rise 4.6% to $3.4 trillion in 2010, on the back of an economic recovery and a declining dollar.
In 2009, spending on information technology fell 4.6% to $3.22 trillion, the firm said in a note.
“Much of the increase in our revised 2010 forecast can be attributed to a projected decline in the value of the US dollar compared to 2009,” Richard Gordon, research vice president, said in the note.
All major segments such as computer hardware, software, IT services would contribute to the growth, with emerging markets leading the recovery, Gartner said.
Recovery in western Europe, the United States and Japan is expected to start more slowly than the emerging markets of Latin America, the Middle East, Africa and Asia Pacific, Garter said.
“Although recovery will be slow, over the next 12 to 18 months, gross domestic product is projected to increase, consumer confidence is expected to improve, and the availability of credit should increase,” Gordon said.
“At the same time, pent-up demand for new technologies will be released as enterprises focus on new growth opportunities and increase spending plans,” he said.
Leading Indian software services companies Tata Consultancy Services, Infosys Technologies and Wipro beat quarterly forecasts and indicated a recovery in the global economy was boosting demand for outsourcing.