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Forrester sees IT spending rebound in 2010
San Francisco (AFP) Jan 12, 2010 Global spending on information technology (IT) will rebound this year, rising more than six percent to top 1.6 trillion dollars (US), Forrester Research Inc. said Wednesday. "The technology downturn of 2008 and 2009 is unofficially over," Forrester vice president and principal analyst Andrew Bartels said in a release. "All the pieces are in place for a 2010 tech spending rebound," he added. The health of the technology industry will improve faster than the overall economy in the United States with IT spending growing at double the rate of the country's gross domestic product, according to Forrester. IT purchasing in the US this year is predicted to climb 6.6 percent to 568 billion dollars. Europe is expected to be the stage for the strongest technology spending, with purchases boosted to 11.2 percent due in part to the Euro's strength against the US dollar. IT purchasing is predicted to grow 9.9 percent in Canada, 7.8 percent in the Asia Pacific region, and by 7.7 percent in Latin America. The weakest growth will be about 2.4 percent in Eastern Europe, Africa, and the Middle East, according to Forrester. The industry tracker said that global purchases of computer gear will rise 8.2 percent while spending on software will increase 9.7 percent. "We are entering a new six- to seven-year cycle of IT growth and innovation," Bartels said. Global spending on information technology sank 8.9 percent in 2009, according to Forrester.
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