IT spending forecast to total $3.3 trillion, IT industry to return to growth in 2010

The IT industry will return to growth with 2010 IT spending forecast to total $3.3 trillion, a 3.3 percent increase from 2009, according to Gartner.

Gartner, an information technology research and advisory company, has published its ICT spending forecast for 2010, predicting a return to growth with 2010 IT spending forecast to total $3.3 trillion, a 3.3 percent increase from 2009.

“While the IT industry will return to growth in 2010, the market will not recover to 2008 revenue levels before 2012,” said Peter Sondergaard, senior vice president at Gartner and global head of Research. The computing hardware market has struggled more than other segments with worldwide hardware spending forecast to total $317 billion in 2009, a 16.5 percent decline. In 2010, spending on hardware spending will be flat. On a regional basis, emerging regions will resume strong growth. “By 2012, the accelerated IT spending and culturally different approach to IT in these economies will directly influence product features, service structures, and the overall IT industry. Silicon Valley will not be in the driver’s seat anymore,” Mr. Sondergaard said. Click here for full press release.

Worldwide ICT spending forecast

Source: Gartner (April 2010)   Unit: $ billions