Forrester says the tech downturn is now ‘unofficially over’.
The research firm says the global technology industry will see an 8.1 percent increase in IT spending in 2010, with software and computer hardware leading the charge, and IT consulting services following.
After declining 8.2 percent last year, U.S. IT spending will grow 6.6 percent in 2010 to $568 billion, according to Forrester’s latest research report. Global tech spending, which dropped 8.9 percent in 2009, will rise to more than $1.6 trillion in 2010.
Forrester is particularly optimistic about IT spending of businesses and governments in the United States, with Forrester Research VP and principal analyst Andrew Bartels predicting a the tech recovery that will be stronger than the overall economic recovery, with technology spending growing at more than twice the rate of gross domestic product (GDP) in 2010.
In Western and Central Europe, tech purchases are forecast to rise by 11.2 percent, boosted by the dollar’s decline against the euro. Forrester Research expects IT purchases in Canada to grow by 9.9 percent, Asia Pacific by 7.8 percent, and Latin America by 7.7 percent.
(Via TechCrunch)
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