New Delhi: Global IT spending is expected to reach US$3.4 trillion in 2010, a 4.6 per cent increase from 2009, says a recent report from Gartner. The report stated that although modest, this projected growth represents a significant improvement from 2009, when worldwide IT spending declined 4.6 per cent.
All major segments (computing hardware, software, IT services, telecom, and telecom services) are expected to grow in 2010.
"Last quarter, we did not expect to see IT spending levels recover to 2008 levels until 2011, however, now, with the upward revision to the current dollar forecast, we are projecting that global IT spending this year will approach the level seen in 2008," said Richard Gordon, research vice president at Gartner.
He added that their updates forecast for IT spending to reach $3.4 trillion in 2010 is actually a year earlier than they expected leveling their previous forecast update, and reflecting a bounce back in underlying IT spending from the sharp drop in 2009.
"While, this forecast might seem bullish at first, it's important to factor in the impact that exchange rates will have on the markets.Much of the increase in our revised 2010 forecast can be attributed to a projected decline in the value of the U.S. dollar compared to 2009" Gordon further said.
According to the report, IT spending growth in emerging markets (with the exception of central and eastern Europe and some of the Gulf states) is expected to lead the way, with spending forecast to grow 9.3 per cent in Latin America, 7.7 per cent in the Middle East and Africa and 7 per cent in Asia Pacific.
Recovery in Western Europe, the United States and Japan would start more slowly, with Western Europe increasing 5.2 per cent, the U.S. growing 2.5 per cent, and Japan increasing 1.8 per cent, the release added.
MUMBAI, INDIA:
Global IT spending to reach US$3.4 trillion in 2010 : Gartner
Much of the increase can be attributed to a projected decline in the value of the U.S. dollar
Mumbai: Global IT spending is expected to reach US$3.4 trillion in 2010, a 4.6 per cent increase from 2009, says a recent report from Gartner.
The report stated that although modest, this projected growth represents a significant improvement from 2009, when worldwide IT spending declined 4.6 per cent.
All major segments (computing hardware, software, IT services, telecom, and telecom services) are expected to grow in 2010.
"Last quarter, we did not expect to see IT spending levels recover to 2008 levels until 2011, however, now, with the upward revision to the current dollar forecast, we are projecting that global IT spending this year will approach the level seen in 2008," said Richard Gordon, research vice president at Gartner.
He added that their updates forecast for IT spending to reach $3.4 trillion in 2010 is actually a year earlier than they expected leveling their previous forecast update, and reflecting a bounce back in underlying IT spending from the sharp drop in 2009.
"While, this forecast might seem bullish at first, it's important to factor in the impact that exchange rates will have on the markets.Much of the increase in our revised 2010 forecast can be attributed to a projected decline in the value of the U.S. dollar compared to 2009" Gordon further said.
According to the report, IT spending growth in emerging markets (with the exception of central and eastern Europe and some of the Gulf states) is expected to lead the way, with spending forecast to grow 9.3 per cent in Latin America, 7.7 per cent in the Middle East and Africa and 7 per cent in Asia Pacific.
Recovery in Western Europe, the United States and Japan would start more slowly, with Western Europe increasing 5.2 per cent, the U.S. growing 2.5 per cent, and Japan increasing 1.8 per cent, the release added.
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