IT Spending Indicators Still Murky

1IT Spending Indicators Still Murky

Gartner believes that IT spending growth will only reach 2.9 percent in 2010, an adjustment from the 4.1 percent yearly growth it had predicted earlier this year.

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Overall, Gartner thinks IT spending will reach $2.4 trillion in 2010.

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Meanwhile, IDC predicts a much healthier 6 percent increase in IT spending in 2010.

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Forrester is most bullish of all, expecting a nearly 8 percent rise in global IT spending in 2010 over 2009 figures.

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In 2011, Gartner expects a 3.5 percent spike in IT spending, while Forrester believes it will increase by a very healthy 8.4 percent.

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In the US, Forrester predicts that government spending will help buoy IT spending to more than double the overall economic spending growth in 2010 and 2011.

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Analysts at say said that the IT service sector has seen a 14 percent bump in deals between first quarter and second quarter of 2010.

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However, the total contract value of those deals fell by 14 percent to 30.8 billion.

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Meanwhile, NPD’s SMB Technology Report shows that 77 percent of SMBs will spend more or the same on new PCs this year compared to 2009.

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40 percent of companies with more than 50 employees reported that they’ll use VARs to make those purchases.

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