IDC Says IT Spending is Recovering

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IT spending is rebounding in the wake of the global recession, with businesses spending on everything from PCs and servers to storage devices and networking equipment, according to market research firm IDC.

In numbers released May 24, IDC is estimating that worldwide IT spending will grow 3.8 percent this year, to $1.47 trillion.

Hardware vendors will be the biggest winners, with spending jumping 6.4 percent, followed by software at 3.1 percent and services at 1.5 percent.