This compares with 3.4% growth in 2003. While the firm does not expect spending growth rates to bounce back to the same levels seen in the 1990s, they should stay in the 10% to 11% range between 2004 and 2008. Product replacement will account for 40% of expenditure this year, with upgrades and expansions of existing systems accounting for another 35%.
This article is based on material originally published by ComputerWire
