IT spending set for recovery


IT spending set for recovery

Karl Schneider
Global IT spending will grow by 3.4% to $2.3tn (£1.5tn) this year, recovering from a decline of 0.4% in 2001, according to Gartner Dataquest research.

Spending on telecoms products and services is growing the fastest, expected to jump by nearly 5% to $1.3tn in 2002. Gartner says that, worldwide, firms will spend 3.6% more on software and 2.8% more on IT services this year.

But spending on hardware is still falling, with a drop of 1.3% in 2002 compared to a 13% fall in 2001.

"The telecommunications segment is being driven by the fixed and mobile telecom services markets," said Dean Eyers, head of Gartner Dataquest's telecoms group.

According to Gartner, European firms' IT spending will grow more slowly than the global average, increasing by just 1.7% this year.

However, the UK is experiencing much faster growth in IT spending, estimated at more than 6% this year, according to separate research by Computer Weekly and Kew Associates based on 60,000 UK IT budget holders. But this figure includes spending on internal IT staff, which is not included in the Gartner figures.
Related Topics: IT strategy, VIEW ALL TOPICS

Email Alerts

Register now to receive IT-related news, guides and more, delivered to your inbox.
By submitting your personal information, you agree to receive emails regarding relevant products and special offers from TechTarget and its partners. You also agree that your personal information may be transferred and processed in the United States, and that you have read and agree to the Terms of Use and the Privacy Policy.

COMMENTS powered by Disqus  //  Commenting policy