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Gartner Says Worldwide Enterprise IT Spending on Pace to Grow 2.9 Percent in 2010
Worldwide enterprise IT spending across all industry markets will grow 2.9 percent in 2010 and surpass $2.4 trillion, according to Gartner, Inc. Analysts said that all industries are continuing to return to growth after a challenging year in 2009, when IT spending by vertical market totaled $2.3 trillion, a 5.9 percent decline from 2008.

Gartner recommends that technology and service providers target high-growth industry segments through 2014, as well as undertaking further analysis of large, slow-growth segments for unusual growth opportunities at the subindustry segment level. However, Gartner advised technology providers to exercise caution with regard to the economy and its impacts on enterprise IT markets.

IT Markets Beat Expectations in First Half of 2010, But Double-Dip Recession Might Spoil the Party
IT spending rebounded quickly in the first half of 2010, led by capital spending on new hardware infrastructure as businesses, governments, and consumers took advantage of a stabilized economy to work off pent-up demand for new PCs, servers, storage, and network equipment. Emerging markets led the way, with the economic recovery driving a new wave of intense IT investment in countries such as China, India, Brazil, and Russia. As a result, the International Data Corporation (IDC) has raised its projection for annual IT spending in 2010 to $1.51 trillion, representing growth of 6% in constant currency. Hardware spending will increase by 11% to $624 million, while software and services spending is set to rise by 4% and 2% respectively.

Amongst mature economies, the U.S. is set to record IT market growth of 5% this year, recovering from the 4% plunge in 2009. Western Europe, where economic recovery has been slower to materialize, is expected to post IT spending growth of 3% in constant currency, while Japan is on course for growth of 0.5%. The real strength of the IT rebound has materialized in emerging markets, however. Growth in China this year is now expected to reach 21% in constant currency, while other fast-growing IT markets include India (13%), Brazil (14%), and Russia (17%).

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