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IT recession is “unofficially over” in Europe

The IT recession is "unofficially over" in Europe and the US as spending starts to pick up and regain some of the ground lost in a tough 2009.

According to the latest preview 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. Global growth of IT consulting and systems integration services will grow by 6.8%.

In the report US and Global IT Market Outlook, Forrester analyst Andrew Bartels said Western and Central Europe will be the strongest performing areas globally in the recovery, with technology purchases rising by 11.2% this year.

The UK was highlighted as one of 12 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," said the report.

"These countries will be the best markets for leading-edge technologies such as service-oriented architecture, server and storage virtualisation, videoconferencing, unified communications platforms, business intelligence and analytics and new process apps built on digital business applications."


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