Gartner predicts modest overall growth in IT spending

The U.S. dollar is expected to weaken, boosting U.S. vendors' take from overseas

Gartner has revised its outlook for worldwide IT spending this year, predicting the industry as a whole will see 4.6 percent growth to $US3.4 trillion, up from its previous prediction of 3.3 percent growth, according to its latest figures released Thursday.

That figure contrasts with 2009, when spending fell 4.6 percent. Gartner revised its forecast upward to account for an expected weakening of the U.S. dollar.

Spending is also expected to increase due to the increasing confidence of CEOs and CFOs as economic conditions gradually improve, said Richard Gordon, a research vice president with Gartner, in avideo.

Emerging markets will see the strongest gains. Gartner predicts that spending will increase 9.3 percent in Latin America, 7.7 percent in the Middle East and Africa and 7 percent in the Asia-Pacific region.

Due to the recession, the U.S. is expected to post only 2.5 percent growth, with Japan just 1.8 percent. In a bright spot outside of emerging markets, Gartner expects Western Europe to come in at 5.2 percent growth.

On the consumer side, confidence appears to be more fragile, Gordon said. "We think consumers are a bit nervous about job prospects," Gordon said.

The recovery from the recession will take between 12 to 18 months. The availability of credit should increase, which will help increase spending, and companies may look to make more hardware investments during the second half of this year, Gordon said.

Join the Good Gear Guide newsletter!

Error: Please check your email address.

Tags GartnerIT spendingmarket research

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Jeremy Kirk

IDG News Service
Show Comments

Essentials

Lexar® JumpDrive® S57 USB 3.0 flash drive

Learn more >

Microsoft L5V-00027 Sculpt Ergonomic Keyboard Desktop

Learn more >

Mobile

Lexar® JumpDrive® S45 USB 3.0 flash drive 

Learn more >

Exec

HD Pan/Tilt Wi-Fi Camera with Night Vision NC450

Learn more >

Lexar® Professional 1800x microSDHC™/microSDXC™ UHS-II cards 

Learn more >

Lexar® JumpDrive® C20c USB Type-C flash drive 

Learn more >

Audio-Technica ATH-ANC70 Noise Cancelling Headphones

Learn more >

Budget

Back To Business Guide

Click for more ›

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre x360

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga 910

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?