Global IT spending to rise nearly 5 pct in 2010: Gartner

Jan 21, 2010

Spending on information technology worldwide will grow nearly five percent in 2010 as an upturn in the global economy prompts companies to spend more, a consultancy said Thursday.

All major segments from computing hardware to telecom services are expected to grow as confidence returns and more credit is made available, research and advisory services provider Gartner said.

The 4.6 percent projected increase to 3.4 trillion dollars marks a "significant improvement" from 2009 when worldwide IT spending declined by 4.6 percent, the global consultancy said in a note issued in Mumbai.

"Last quarter, we did not expect to see IT spending levels recover to 2008 levels until 2011," said Richard Gordon, research vice president at Gartner.

But now, although recovery will be slow, " is projected to increase, 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," he said.

IT growth in emerging markets is expected to lead the way with spending forecast to grow 9.3 percent in , 7.7 percent in the Middle East and Africa and seven percent in the Asia-Pacific region.

The forecast comes as India's flagship software services companies Tata Consultancy Services, Infosys Technologies and Wipro announced forecast-beating quarterly earnings.

Explore further: China's Xiaomi raises more than $1 bn in funding

add to favorites email to friend print save as pdf

Related Stories

Gartner: Tech spending will rebound in 2010

Oct 19, 2009

(AP) -- Research group Gartner Inc. says the information technology industry is closing its worst year on record, with worldwide tech spending on track to decline 5.2 percent in 2009.

Report: Worst may be over for US tech market

Jun 30, 2009

(AP) -- As bad as the technology market fared in the first quarter of this year, the worst may be over, at least in the United States, Forrester Research said in a report Tuesday.

Recommended for you

China's Xiaomi raises more than $1 bn in funding

23 hours ago

China's top smartphone seller Xiaomi Corp. is raising more than $1 billion in a fresh round of funding, a move which would raise its valuation above $45 billion, a report said Sunday.

Why the Sony hack isn't big news in Japan

Dec 20, 2014

Japan's biggest newspaper, Yomiuri Shimbun, featured a story about Sony Corp. on its website Friday. It wasn't about hacking. It was about the company's struggling tablet business.

Sony faces 4th ex-employee lawsuit over hack

Dec 20, 2014

A former director of technology for Sony Pictures Entertainment has sued the company over the data breach that resulted in the online posting of his private financial and personal information.

Sony tells AFP it still plans movie release

Dec 20, 2014

Sony Pictures boss Michael Lynton denied Friday the Hollywood studio has "caved" by canceling the release of "The Interview," and said it still hoped to release the controversial film.

2012 movie massacre hung over 'Interview' decision

Dec 19, 2014

When a group claiming credit for the hacking of Sony Pictures Entertainment threated violence against theaters showing "The Interview" earlier this week, the fate of the movie's big-screen life was all but ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.