IT spending to rise 4.1% in 2010, Gartner says

New analyst figures show worldwide spending will exceed $US2.4 trillion this year

Worldwide enterprise IT spending across all industry markets will rise 4.1% this year, surpassing $US2.4 trillion for all of 2010, Gartner is predicting.

The return to growth is a promising sign for the IT industry, after spending declined 5.6% between 2008 and 2009.

But even with budgets increasing, IT buyers are focusing on products that reduce long-term technology costs."2010 will see IT spending in all major industries returning to growth, although that growth will vary by individual sector," Gartner research director Kenneth Brant said in an announcement. "National and international government will show the strongest growth in 2010, as IT spending is forecast to grow 6.2 percent worldwide.”

Although Gartner's current projection seems to be reason for optimism, the research firm said vendors should prepare contingencies in case technology spending growth slows down or a so-called "double dip" recession occurs, given remaining economic uncertainties.

For now, though, Gartner says overall IT spending should increase from $2.33 trillion in 2009 to $2.43 trillion in 2010. The numbers include 12 vertical industry markets, including banking, media, education, healthcare, insurance, national government, local government, manufacturing, retail, transportation, utilities and wholesale trade.

Above-average IT spending growth is being predicted in banking and securities, which should see a 4.6% increase to $397 billion, and in retail, which should see a 4.7% increase to $149 billion.

The slowest growth is expected in the healthcare, manufacturing and natural resources, and transportation industries, which will see growth between 2.8% and 3.1%.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags GartnerIT spending

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Jon Brodkin

Network World
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?