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...
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.
"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.
Global IT spending worldwide (millions of Dollars)
| Industry | IT spending 2010 | IT spending 2009 | Growth (%) |
|---|---|---|---|
| Banking and securities | 396,867 | 379,570 | 4.6 |
| Communications media and services | 394,171 | 377,537 | 4.4 |
| Education | 63,992 | 61,463 | 4.1 |
| Healthcare | 88,626 | 86,191 | 2.8 |
| Insurance | 157,771 | 151,858 | 3.9 |
| Government – local and regional | 184,451 | 176,828 | 4.3 |
| Manufacturing and natural resources | 428,856 | 416,111 | 3.1 |
| Government – national and international | 248,726 | 234,218 | 6.2 |
| Retail | 149,216 | 142,552 | 4.7 |
| Transportation | 106,406 | 103,427 | 2.9 |
| Utilities | 124,451 | 120,387 | 3.4 |
| Wholesale trade | 84,063 | 80,754 | 4.1 |
| Grand total | 2,427,596 | 2,330,895 | 4.1 |
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