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Steady Growth rate of 5.9% is Expected In Global IT Spending

Worldwide IT spending is expected to increase at a compound annual growth rate of 5.9% through 2009, a market research firm says. It is not known if they figured in the price of gas and inflation during their research, but I hope they did.

Worldwide IT spending is expected to increase at a compound annual growth rate of 5.9 percent through 2009, with media and communications among the highest growth industries, a market research firm said Tuesday. Spending is expected to reach $1.3 trillion by the end of 2009, International Data Corp. said. Government, manufacturing and banking are expected to be the biggest spenders. "We remain optimistic about vertical market spending on IT," IDC analyst Anne Songtao Lu said in a statement.

InformationWeek

Posted by | Thu, Aug 18, 2005 - 06:36 AM