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The lingering impact of the recession will peg back the recovery in global IT spending to just 3% as credit and demand remain limited commodities.
According to IDC the recovery over the next eleven months will not reach the levels of spending recorded in 2008 and it is going to take until next year before the market can be said to have fully recovered.
Various predictions have pointed to 2011 as the date for recovery but there have already been signs in the last quarter and in the first few weeks of this year that conditions are improving.
"Despite pent-up demand for upgrades and new applications following the deep spending cuts of the past year, economic uncertainty will combine with capital and credit constraints to inhibit spending in mature economies," said Stephen Minton, vice president of worldwide IT markets and strategies at IDC.
In terms of breaking down the picture globally EMEA is forecast to beflat, which is an improvement on a 7% spending decline last year, theUS will experience growth below 3% and Asia Pacific will experience 6%growth.
"The engine of global industry growth in 2010 will be inemerging markets, in particular China and India, where IT spending willrecover much more quickly," said Minton.
Global hardware spending is expected to grow by 5%, software and IT services spending will grow by 2% and 3%.