There will be a "modest" increase in IT spending this year as the global economy makes a slow recovery, with spending expected to reach 2008 levels, according Gartner.
The analyst company said worldwide IT spending will be $3.4tn in 2010, which is a 4.6% increase on the previous year
In 2009 spending fell by 4.6%.
"Last quarter, we did not expect to see IT spending levels recover to 2008 levels until 2011. However, now, with the upward revision to the current dollar forecast, we are projecting that global IT spending this year will approach the level seen in 2008," said Richard Gordon, research vice-president at Gartner.
"Our updated forecast for IT spending to reach $3.4tn in 2010 is actually a year earlier than we expected, levelling our previous forecast update and reflecting a bounce back in underlying IT spending from the sharp drop in 2009."
Predicted increases in technology spending in 2010
"As we begin 2010, multiple factors are conspiring to shape IT spending patterns in years to come," said Gordon. "Although recovery will be slow, over the next 12 to 18 months gross domestic product is projected to increase, consumer confidence is expected to improve, and the availability of credit should increase. At the same time, pent-up demand for new technologies will be released as enterprises focus on new growth opportunities and increase spending plans. IT vendors and service providers must ensure that they are poised to take advantage of this improving landscape."