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

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.


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 managementGartnerbusiness issuesNetworkinginvestmentsfinancial resultscorporate issuesinfrastructure management

Featured

Slideshows

Reseller News Platinum Club celebrates leading partners in 2019

Reseller News Platinum Club celebrates leading partners in 2019

The leading players of the New Zealand channel came together to celebrate a year of achievement at the annual Reseller News Platinum Club lunch in Auckland. Following the Reseller News Innovation Awards, Platinum Club provides a platform to showcase the top performing partners and start-ups of the past 12 months.

Reseller News Platinum Club celebrates leading partners in 2019
Reseller News hosts alumnae breakfast for Women in ICT Awards

Reseller News hosts alumnae breakfast for Women in ICT Awards

Reseller News hosted its second annual alumnae breakfast for the Women in ICT Awards in New Zealand, designed to showcase the leading female leaders in the industry. Held at The Cordis in Auckland, attendees came together to hear inspiring keynotes and panel discussions, alongside high-level networking among peers. Photos by Gino Demeer.

Reseller News hosts alumnae breakfast for Women in ICT Awards
Reseller News Innovation Awards 2019: meet the winners

Reseller News Innovation Awards 2019: meet the winners

Reseller News honoured the standout players of the New Zealand channel in front of more than 480 technology leaders in Auckland on 23 October, recognising the achievements of top partners, emerging entrants and innovative start-ups.

Reseller News Innovation Awards 2019: meet the winners
Show Comments