Users spent $1.16 trillion (£595bn) on IT in 2006, and
at a compound annual growth rate of 6.3% will spend $1.48 trillion
(£760bn) in 2010, says analyst IDC.
IDC said worldwide software spending was expected to reach
$327bn in 2010, reflecting a five-year compound annual growth rate
of 7.7%.
The largest markets will be manufacturing, the services
industries and government. The fastest-growing markets are
healthcare, communications and government.
The analyst said worldwide hardware market spending was set to
recover in the 2006–2010 period, hitting $562bn in 2010. IDC said
spending would rise on volume servers, peripherals and storage, and
networking equipment across regions.
The hardware growth will be driven by robust spending from the
home business and consumer, communications and government
sectors.
IDC also forecast spending on IT services worldwide would reach
$587bn in 2010, reflecting a compound annual growth rate of 5.8%
from 2005 to 2010.
The largest market opportunities in this sector will be in
government, banking and discrete manufacturing.
“Regional dynamics can significantly impact top business
challenges in different industries,” said IDC analyst Anne Lu. “IT
vendors should look closely at the unique industry and regional
trends and business challenges of each target market and then
segment their customers based on these needs.”
As a result, she said, customers would get the strategic
solutions they needed – and subsequently buy more – while IT
suppliers would in turn increase sales and profits.
Booming public sector IT market
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