Gartner: IT spending set to grow 5.3 per cent

Worldwide IT spending – hardware and services – is forecast to reach $3.4tn in 2010, a 5.3 per cent increase from IT spending of $3.2tn in 2009.

According to market intelligencer Gartner, the IT industry will continue to show steady growth with IT spending in 2011 projected to exceed $3.5 trillion – that’s a 4.2 per cent increase from 2010. Worldwide computing hardware spending is forecast to reach $353bn in 2010, a 5.7 per cent increase from 2009. Consumer spending on mobile PCs will drive hardware spending in 2010, the analyst avers. Enterprise hardware spending will grow again in 2010, but it will remain below its 2008 level through 2014.

Spending on storage will enjoy the fastest growth in terms of enterprise spending as the volume of enterprise data that needs to be stored continues to increase. Near-term spending on servers will be concentrated on lower-end servers; longer-term, server spending will be curtailed by virtualisation, consolidation and, potentially, Cloud Computing.

Worldwide software spending is expected to total $232bn in 2010, a 5.1 per cent increase from last year. The impact of the recession on the software industry was tempered and not as dramatic as other IT markets, Gartner says; and the majority of enterprise software markets will see positive growth this year (2010).

The infrastructure market, which includes all the software to build, run, and manage an enterprise, is the largest segment in terms of revenue, and the fastest-growing through to 2014. Fastest-growing software segments to 2014 include virtualisation, security, data integration/data quality, and business intelligence products.

The enterprise applications market, which includes personal productivity and packaged enterprise applications, has some of the fastest-growth segments. Web conferencing, team collaboration, and enterprise content management are forecast to have double-digit compound annual growth rates, in the face of growing competition surrounding social networking and content.

The worldwide IT services industry is forecast to have spending reach $821bn in 2010, up 5.7 per cent from 2009. The industry experienced some growth in reported outsourcing revenue at the close of 2009, an encouraging sign for service providers, which Gartner analysts believe will spread to consulting and system integration in 2010.

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