IT spending in verticals to reach $2.4 trillion this year

Global IT spending in vertical markets will increase 4.1% this year to $2.4tn.

Gartner said that service providers should prepare for the 4.1% increase in spending but be prepared for slow growth and a possible double-dip recession.

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"Suppliers should convert to a growth market strategy and allocate business development resources to maximise long-term industry growth opportunities," said Kenneth Brant, research director at Gartner. "However, we recommend that they continue to promote the value of solutions that deliver 'cost optimisation' in 2010 and 2011, which we believe will be a persistent value for IT buyers even as markets return to growth."

Here are the figures in full.