IDC Predicts IT Spending to Grow 3% in 2010

By ServerWatch Staff (Send Email)
Posted Apr 9, 2010

IDC predicts that hardware spending will grow by 5% this year. Software spending and IT services spending, on the other hand, will grow by 2% and 3%, respectively. On the hardware side, worldwide PC spending is forecast to increase by 3%.

"Worldwide spending on information technologies will continue to feel the effects of the global recession throughout 2010. According to a new forecast from IDC, worldwide IT spending will increase by just 3% in 2010 at constant currency. In the United States, IT spending is forecast to increase by less than 3%. "Despite pent-up demand for upgrades and new applications following the deep spending cuts of the past year, economic uncertainty will combine with capital and credit constraints to inhibit spending in mature economies," said Stephen Minton, vice president of Worldwide IT Markets and Strategies at IDC. "The engine of global industry growth in 2010 will be in emerging markets, in particular China and India, where IT spending will recover much more quickly." More predictions of a better year, this time from IDC.

Read the Full Story at IDC

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