Global IT Spending Expected to Rise

Tuesday Oct 19th 2010 by Staff

Gartner predicts "lackluster" growth for the next five years.

Financial Times: At a conference in Florida, Gartner senior vice president Peter Sondergaard predicted “a period of timid and at times lackluster growth with spending increasing to just $2,800bn in 2014.” He said enterprise IT spending should grow 2.4 percent this year and 3.1 percent next year, but some key industries won't return to pre-2008 levels until 2012 or 2013.

However, Sondergaard does expect IT to play a key societal role in the coming years. “We are on a one way trip towards the IT driven intelligence society – driven by the consumer – where growing access to this growing universe of data gives us the opportunity to not only make better decisions, but to make smarter decisions,” he said. “Information will be the ‘oil of the 21st century.’ It will be the resource running our economy in ways not possible in the past.”

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