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January 6, 2011

Global IT spending to rise 5.1% to $3.6 trillion in 2011, says Gartner

Worldwide computing hardware spending is expected increase by 7.5% in 2011

By CBR Staff Writer

Worldwide IT spending is forecast to total $3.6 trillion in 2011, an increase of 5.1% compared to $3.4 trillion in 2010, according to Gartner.

Gartner has raised its outlook for the IT industry from the previous forecast when it expected worldwide IT spending to grow 3.5%, and said that in 2010 IT industry performed better than its previous forecast of 3.2%.

Worldwide computing hardware spending is expected increase by 7.5% to $391.3bn in 2011.

According to Gartner, the telecom equipment market is expected to poise for the strongest growth by 9.1% to $465.4bn in 2011, compared to $426.6bn last year.

Spending on IT services is expected to increase by 4.6% to $817.9bn in 2011 while telecom service spending is expected to increase by 3.4% to $1,593bn in 2011.

The research firm said that computing hardware segment will grow 7.5% in 2011, but said vendors face possible challenges, particularly in the area of PC growth, given likely weak economic growth through the first half of 2011.

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Gartner research vice president Richard Gordon said aided by favourable US dollar exchange rates, global IT spending growth was expected to exceed 5% in 2010, but a similar level of growth in 2011 while forecast is far from certain, given continued macroeconomic uncertainty.

"While the global economic situation is improving, the recovery is slow and hampered by a sluggish growth outlook in the important mature economies of the US and Western Europe," Gordon said.

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