The IT recession is “unofficially over” in Europe and the US as spending starts to pick up and reap back some of the ground lost in a tough 2009.
By submitting your personal information, you agree that TechTarget and its partners may contact you regarding relevant content, products and special offers.
According to the latest review of IT spending in 2010 carried out by Forrester the global IT market will increase this year by 8.1% in dollar terms.
The growth will come from the traditional hardware and software sectors with comms equipment also starting to ramp up. On a positive for resellers global growth of IT consulting and systems integration services will grow by 6.8%.
In a report, US and Global IT market outlook, produced by Forrester analyst Andrew Bartels Western and Central Europe will be the strongest performing areas globally in the recovery with tech purchases rising by 11.2% this year.
The UK was highlighted as being one of twelve countries that have a strong technology heritage and as a result will have growth as customers of all sizes start spending on IT again.
“IT markets in these countries suffered disproportionately from the economic downturn and financial crises…but they will grow apace with the rest of the global market in 2010, with 8% growth in US dollar terms,”stated the report.
“These countries will be the best markets for leading-edge technologies like service-orientated architecture, server and storage virtualisation, videoconferencing, unified communications platforms, business intelligence and analytics and new process apps built on digital business applications,” it added.