Gartner: Enterprise IT spending to hit $2.5 trillion in 2011

Worldwide enterprise IT spending will rise from $2.38 trillion this year to $2.46 trillion in 2011

Worldwide enterprise IT spending will rise from $2.38 trillion this year to $2.46 trillion in 2011, a 3.1 per cent increase, the research firm Gartner said Monday.

IT spending will continue to rise in the next few years, but only slightly.

"Over the next five years, enterprise IT spending will represent a period of timid and at times lackluster growth with spending totaling $2.8 trillion in 2014," Gartner said. Enterprise IT spending in 2009 was $2.33 trillion.

Gartner: CIOs should plan for recession No. 2

IT budgets in several industries will not match pre-recession levels for several years.

"Several key vertical industries, such as manufacturing and financial services, will not see IT budgets recover to pre-2008 levels before 2012 or 2013," Gartner's global head of research Peter Sondergaard said in an announcement at the firm's annual Symposium/ITxpo in Orlando. "Emerging economies continue to be the locomotive of enterprise IT spending, substantially outpacing developed economies."

Enterprise IT spending as defined by Gartner is a subset of total global IT spending. IT spending as a whole is expected to rise from $3.33 billion in 2010 to $3.45 billion in 2011, a Gartner spokesperson said in an e-mail to Network World.

While Gartner's report Monday doesn't show massive growth, things are looking much better than last year. One year ago, Gartner called 2009 the "worst year ever" for IT spending, after a decline of 5.2 per cent.

Another positive sign is that tech hiring is apparently up about 50 per cent since 2009, at least in terms of jobs posted on Dice, a tech recruitment site.

However, Gartner and other researchers have also warned that businesses should prepare for the possibility of a double-dip recession, which could lower IT spending once again.

Follow Jon Brodkin on Twitter: www.twitter.com/jbrodkin

Read more about infrastructure management in Network World's Infrastructure Management section.

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 managementGartnerbusiness issuesNetworkinginvestmentsfinancial resultscorporate issuesinfrastructure management

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

Jon Brodkin

Network World
Show Comments

Father’s Day Gift Guide

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

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.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?