Forrester: IT Spending To Rebound In 2010
February 1, 2010
The technology sector will see a recovery in 2010 as businesses and governments in the US and around the world begin spending again on information technology, according to a new report released January 12th by Forrester Research, Inc.. After declining 8.2 percent in 2009, US IT spending will grow 6.6 percent in 2010 to $568 billion. Global IT spending, which dropped 8.9 percent last year, will rise 8.1 percent in 2010 to more than $1.6 trillion. Software and computer hardware will see the greatest growth. On a regional basis, Europe will be the strongest performing region. Measured in US dollars, the strongest growth in 2010 will be in Western and Central Europe, where tech purchases will rise by 11.2 percent, boosted by the dollar’s decline against the euro. When measured against local currency, however, the US will actually post the strongest growth of all the regional tech markets.