Menu
IT spending to rise 4.1 percent in 2010, Gartner says

IT spending to rise 4.1 percent in 2010, Gartner says

Worldwide enterprise IT spending across all industry markets will rise 4.1 percent this year, surpassing US$2.4 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 percent 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 percent increase to $397 billion, and in retail, which should see a 4.7 percent increase to $149 billion.

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


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 Gartnerinternational news

Featured

Slideshows

Reseller News welcomes industry figures for 2019 Hall of Fame lunch

Reseller News welcomes industry figures for 2019 Hall of Fame lunch

Reseller News welcomed 2018 inductees - Chris Simpson, Kendra Ross and Phill Patton - to the third running of the Reseller News Hall of Fame lunch, held at the French Cafe in Auckland. The inductees discussed the changing landscape of the technology industry in New Zealand, while outlining ways to attract a new breed of players to the ecosystem. Photos by Gino Demeer.

Reseller News welcomes industry figures for 2019 Hall of Fame lunch
Upcoming tech talent share insights at inaugural Emerging Leaders Forum 2019

Upcoming tech talent share insights at inaugural Emerging Leaders Forum 2019

The channel came together for the inaugural Reseller News Emerging Leaders Forum in New Zealand, created to provide a program that identifies, educates and showcases the upcoming talent of the ICT industry. Hosted as a half day event, attendees heard from industry champions as keynoters and panelists talked about future opportunities and leadership paths and joined mentoring sessions with members of the ICT industry Hall of Fame. The forum concluded with 30 Under 30 Tech Awards across areas of Sales, Entrepreneur, Marketing, Management, Technical and Human Resources. Photos by Gino Demeer.

Upcoming tech talent share insights at inaugural Emerging Leaders Forum 2019
Show Comments