Tech spending will grow significantly in 2010

January 13th, 2010 by Inderpal Singh Leave a reply »

Government and business spending on information technology will grow 6.6 percent in 2010, a new report from Forrester Research says.

IT spending will grow “at more than twice the rate of gross domestic product this year,” company vice president and principal analyst Andrew Bartels noted. IT spending in the U.S. dropped 8.2 percent last year.

GDP is projected to grow about 3 percent this year, economists polled for the most recent Blue Chip Economic Indicators report say.

On a global basis, Forrester Research reports, IT spending is expected to rise 8.1 percent in 2010 after falling 8.9 percent in 2009. Hardware and software spending will increase the most – 8.2 and 9.7 percent, respectively – and expenditures on IT outsourcing are anticipated to grow 7.1 percent.

Businesses may spend more on smartphones and other connectivity devices in 2010. Smart mobile devices like iPhones and BlackBerry phones will see rapid uptake this year, Morgan Stanley suggested late in December: Smart mobile uptake is growing five times faster than desktop internet uptake did.

Source:http://job-news.odesk.com/technology-platform-news/tech-spending-will-grow-significantly-in-2010-report/

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