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Ovum tips modest IT spending rise

Ovum tips modest IT spending rise

Global IT expenditure is expected to rise slightly this year, the first increase since the onset of the global economic downturn, reports analyst firm Ovum.

In its survey of IT decision makers, Ovum states that one-third expect their budgets will increase in 2010. Despite this cautious optimism, there are signs that CIOs do not yet view IT as an engine for growth and that 2010 will mostly be a year of reckoning.

Ovum says fundamentally IT spending is trending upwards, but most increases – as well as decreases – will be slight, between 1 and 5 percent.

The vast majority of enterprises will continue to experience flat or zero budget growth this year.

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