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December 10, 2009updated 12 Apr 2017 4:29pm

“Modest” spending in IT next year, says IDC

IT lessors can expect a year of market recovery in 2010, according to market intelligence technology consultancy IDC. With the return of modest spending growth, IDC expects a year of recovery and transformation for the IT and telecommunications markets. IDC predicts that worldwide IT spending will grow by 3.2 percent in 2010, returning the industry to 2008 spending levels of about $1.5 trillion (1 trillion)

By Jason T

IT lessors can expect a year of market recovery in 2010, according to market intelligence technology consultancy IDC.

With the return of “modest” spending growth, IDC expects a year of recovery and transformation for the IT and telecommunications markets.

IDC predicts that worldwide IT spending will grow by 3.2 percent in 2010, returning the industry to 2008 spending levels of about $1.5 trillion (€1 trillion). In broad terms, hardware, software and services spending will each grow in the 2-4 percent range, with hardware experiencing the most notable gains after a particularly difficult 2009.

Emerging markets will drive more than half of the new IT industry growth in 2010, with IT spending up 8-13 percent in the BRIC countries of Brazil, Russia, India and China.

“In last year’s predictions, we talked about how a slow global economy would act like a pressure cooker on the IT market, speeding the development and adoption of new technologies and business models,” said Frank Gens, senior vice president and chief analyst at IDC.

“What’s different about 2010 is that the economic recovery will release some of the pressure on spending, enabling a number of transformational tipping points to be reached in a year of economic upswing.”

Jason T Hesse

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