Research Firm Predicts IT Spending Will Rise 3 Percent in 2010
Research Firm Predicts IT Spending Will Rise 3 Percent in 2010
Posted 02/05/2010 at 5:35am
| by Paul Lilly
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In a report issued earlier this week, market research firm IDC said it expects worldwide IT spending to grow by 3 percent in 2010, fueled in large part by emerging markets like China and India.
"Despite pent-up demand for upgrades and new applications following the deep spending cuts of the past year, economic uncertainty will combine with capital and credit constraints to inhibit spending in mature economies," IDC analyst Stephen Minton said.
IDC predicts global IT spending will hit $1.48 trillion by the end of the year, which is a good chunk less than what Gartner is expecting. According to Gartner, spending will grow by 4.6 percent, to $3.4 trillion.
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