IT spending to rebound in 2010 after worst year ever in 2009: Gartner

20 Oct 2009

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The IT industry will return to growth with 2010 IT spending forecast to total $3.3 trillion, a 3.3-per cent increase from 2009 as the industry exits its worst year ever, according to IT research and advisory company Gartner.

The Stamford, Connecticut-based research company said that while IT spending will increase next year, it cautioned IT leaders to be overly optimistic.

''While the IT industry will return to growth in 2010, the market will not recover to 2008 revenue levels before 2012,'' said Peter Sondergaard, senior vice president at Gartner and global head of Research.

''2010 is about balancing the focus on cost, risk, and growth. For more than 50 per cent of CIOs the IT budget will be 0 per cent or less in growth terms. It will only slowly improve in 2011.''

The computing hardware market has struggled more than other segments with worldwide hardware spending forecast to total $317 billion in 2009, a 16.5 per cent decline. In 2010, spending on hardware spending will be flat.

Worldwide telecom spending is on pace to decline 4 per cent in 2009 with revenue of nearly $1.9 trillion. In 2010, telecom spending is forecast to grow 3.2 per cent.

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