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Global IT spending to rise 5.3% in ’10: Gartner

Global IT spending to rise 5.3% in ’10: Gartner
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First Published: Mon, Apr 12 2010. 01 56 PM IST
Updated: Mon, Apr 12 2010. 01 56 PM IST
Helsinki: Global IT spending will increase 5.3% this year to $3.39 trillion, boosted by strong consumer demand for PCs and a weakening US dollar, research firm Gartner said on Monday.
“Following strong fourth-quarter sales, an unseasonably robust hardware supply chain in the first quarter of 2010, combined with continued improvement in the global economy, sets up 2010 for solid IT spending growth,” Richard Gordon, research vice president at Gartner, said in a statement.
Gartner said nearly 4 percentage points of the growth will be the result of a projected decline in the value of the US dollar, with spending in exchange-rate-adjusted dollars to rise 1.6% this year, after a 1.4% fall in 2009.
Gartner sees worldwide software spending rising 5.1% to $232 billion, with the majority of enterprise software markets growing.
Global IT services spending is seen rising 5.7% to $821 billion.
“The industry experienced some growth in reported outsourcing revenue at the close of 2009, an encouraging sign for service providers,” Gartner said, adding it sees this trend spreading to consulting and system integration in 2010.
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First Published: Mon, Apr 12 2010. 01 56 PM IST
More Topics: IT | Expenditure | Technology | Hardware | Software |