2011 will see the global spend on IT increasing by 5.1 percent to reach US $3.6 trillion, according to a new report.
Gartner has raised its outlook for 2011 from its previous forecast of 3.5 percent growth for the year. The upbeat outlook follows 2010’s IT spending total of US $3.4 trillion, which was up 5.4 percent from 2009 levels. Gartner analysts also said favourable exchange rates had contributed to its revised outlook.
Despite concerns about the ability of key emerging economies to sustain high growth rates, and the sluggish growth outlook in mature economies, Richard Gordon, research vice president at Gartner, said: “Investment in IT is seen increasingly as an important element in business growth strategies. As the global economy repairs itself in coming years, we are optimistic about continued healthy spending on IT.”
The telecom equipment market is poised for the strongest growth in 2011, with worldwide telecom equipment spending forecast to grow 9.1 percent.
The computing hardware segment is forecast to grow 7.5 percent in 2011, but Gartner analysts said vendors face possible challenges, particularly in the area of PC growth, given likely weak economic growth through the first half of 2011.
More-detailed analysis on the outlook for the IT industry will be presented in the Gartner webinar “IT Spending Forecast, 4Q10 Update: 2010 Ends on the Upside.”
The complimentary webinar will be hosted by Gartner on January 11 at 11 a.m. Eastern time (3pm Australian Eastern Standard Time). To register for the webinar, please go to http://my.gartner.com/webinardetail/resId=1506014.