Menu
Global IT spending set to rise

Global IT spending set to rise

But fears of double dip recession remain says IDC

IT spending has shown some hefty recovery after the economic travails of previous years. According to research from IDC, global sales of software and hardware have recovered from the low point of the recession and, consequently, the analysis company has revised its spending forecasts for the year.

According to the research, services expenditure is set to rise two percent, software spending by four percent and hardware spending by a whopping 11 percent. IDC is projecting an overall increase in expenditure of six percent.

The biggest increase in the developed economies is expected to be in the US, with a projected growth in expenditure of five percent, a turnaround from the four percent fall in 2009. The US rise is dwarfed by the growth in markets like Chinam which is expected to grow by 21 percent this year - ahead of performers such as Russia and Brazil with 17 percent and 14 percent respectively.

"The first half of 2010 was robust by any standards for the IT industry," said Stephen Minton, vice president of Worldwide IT Markets and Strategies at IDC. "PC shipments were strong, enterprise spending began to recover from the depths of the recession, and consumers remained enthusiastic about new devices such as smartphones.

However, it's not all rosy on the horizon. IDC analysts are still cautious about the possibility of a double-dip recession. "Amidst the general sense of optimism that has accompanied results from the first half of this year, there are also reasons to be wary of excessive exuberance," said Minton. "Our surveys indicate that businesses are still cautious about committing to new, long-term IT projects, and are still anxious about the possibility of a double-dip recession. Decision-making cycles remain long, and many enterprises have contingency plans in place for the next 12 months which could see more projects suspended."


Follow Us

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 NetworkingstorageIDChardware systemsPersonal TechConfiguration / maintenance

Events

Why experience is the new battleground for partners

Join us for an exclusive webinar, in association with Hewlett Packard Enterprise and Technology Services Industry Association (TSIA) and learn about the latest industry insights and how technology services continue to evolve to deliver differentiated value, and how partners can be successful in 2021 and beyond.

Featured

Slideshows

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

Hundreds of leaders from the New Zealand IT industry gathered at the Hilton in Auckland on 17 November to celebrate the finest female talent in the Kiwi channel and recognise the winners of the Reseller News Women in ICT Awards (WIICTA) 2020.

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards
Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

The leading female front runners of the New Zealand ICT industry joined together for the annual Reseller News Women in ICT Awards event at the Hilton in Auckland, during which hundreds of guests celebrated 13 outstanding individuals who won awards, chosen from more than 50 finalists representing over 30 organisations.

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards
Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

More than 500 channel leaders gathered in Auckland on 21 October at the ​Reseller News Innovation Awards ​2020 to celebrate the achievements of the New Zealand technology industry's top partners, start-ups, vendors, distributors and individuals.

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners
Show Comments