Global IT Spending To Reach $1.48 Trillion In 2010, IDC Says - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Software // Enterprise Applications

Global IT Spending To Reach $1.48 Trillion In 2010, IDC Says

Companies are expected to increase spending on IT services at a compound annual growth rate of 5.8% to reach $587 billion at the end of the decade.

Global IT spending is projected to increase at a compound annual growth rate of 6.3% to reach $1.48 trillion in 2010, a market research firm says.

Broken down by segment, worldwide software spending is expected to reach $327 billion in three years, reflecting a compound annual growth rate of 7.7%, International Data Corp. said Wednesday. The hardware market is projected to reach $562 billion by 2010, driven mainly by "robust" spending from the home business and consumer, communications, and government sectors. Specifically, IDC sees more money spent on volume servers, peripherals, storage, and networking equipment worldwide.

Companies also are expected to increase spending on IT services at a compound annual growth rate of 5.8% to reach $587 billion at the end of the decade, IDC said. Sectors expected to have the highest demand are government, banking, and discrete manufacturing.

The spending projections are contained in an IDC study called Worldwide IT Spending, 2006-2010 Forecast Update by Vertical Market: North America, West Europe, Asia Pacific, and Rest of the World.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
News
Top 10 Data and Analytics Trends for 2021
Jessica Davis, Senior Editor, Enterprise Apps,  11/13/2020
Commentary
Where Cloud Spending Might Grow in 2021 and Post-Pandemic
Joao-Pierre S. Ruth, Senior Writer,  11/19/2020
Slideshows
The Ever-Expanding List of C-Level Technology Positions
Cynthia Harvey, Freelance Journalist, InformationWeek,  11/10/2020
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
Why Chatbots Are So Popular Right Now
In this IT Trend Report, you will learn more about why chatbots are gaining traction within businesses, particularly while a pandemic is impacting the world.
Slideshows
Flash Poll