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Gartner raises global IT spending forecast for 2011

Gartner raises global IT spending forecast for 2011
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First Published: Thu, Jan 06 2011. 03 52 PM IST
Updated: Thu, Jan 06 2011. 03 52 PM IST
Bangalore:Research firm Gartner said global spending on technology is likely to rise 5.1 % in 2011, higher than its previous estimate, as the dollar’s recent weakness helped spending in 2010, top its forecast.
It now expects total global IT spending to touch $3.6 trillion this year, up from its earlier forecast for a 3.5 % rise. For 2010, IT spending rose 5.4 % to $3.4 trillion, up from Gartner’s estimate of 3.2 %.
“Aided by favourable US dollar exchange rates, global IT spending growth is expected to exceed 5 % in 2010, but a similar level of growth in 2011—while forecast —is far from certain, given continued macroeconomic uncertainty,” Richard Gordon, research vice president at Gartner, said in a note.
While the global economic situation is improving, the recovery is slow and hampered by a sluggish growth outlook in major economies like the United States and western Europe, Gordon said.
Also, there were growing concerns about the ability of key emerging economies to sustain relatively high growth rates, he added.
Spending on telecom equipment is set to rise the fastest at 9.1 % in 2011 to $465.4 billion, with telecom services spending seen rising 3.4 % to $1.65 trillion, Garter said.
The research firm forecast a 4.6 % rise in IT services spending to $817.9 billion.
The computing hardware segment, where spending is forecast to grow 7.5 % to $391.3 billion, is likely to face challenges in growth of personal computers due to a possible weak economic growth through the first half of 2011, Gartner added.
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First Published: Thu, Jan 06 2011. 03 52 PM IST
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