Tags: US | Gartner | IT | Spending

Gartner Lowers 2010 IT Spending Forecast

Thursday, 01 Jul 2010 03:32 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

Global information technology spending will rise this year, but not as much as previously expected because of the strength of the dollar versus the euro, Gartner Inc. said Thursday.

The research firm now expects global IT spending to climb 3.9 percent over 2009, to $3.35 trillion. It had previously forecast 5.3 percent growth.

In a statement, Richard Gordon, a Gartner research vice president, blamed debt issues in Europe for the change. Concerns about surging public debt levels in Europe have weighed on the euro this year.

"Our latest IT spending forecast reflects the fact that the global economic outlook is stable but vulnerable to shocks in key regions and industries, which means that IT spending decisions are still scrutinized for value," he said in a statement.

Gartner expects IT services spending will rise 2.9 percent to $786 billion, while telecom spending will rise 3.4 percent to $1.97 trillion. Software spending will rise 3.1 percent to $229 billion.

The research firm expects to see much higher growth in computing hardware, which it believes will climb 9.1 percent to $365 billion due to strong personal computer sales. PC sales have been boosted in part by the adoption of Microsoft Corp.'s latest computer operating system, Windows 7.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Manatees May Soon Lose Endangered Species Status

Friday, 29 Aug 2014 06:54 AM

As they do whenever they visit Florida, Greg Groff and his young daughter stopped by the manatee pool at Miami Seaquariu . . .

Tesla, Chinese Firm Plan 400 Charging Stations

Friday, 29 Aug 2014 06:53 AM

Tesla Motors Co. and a state-owned Chinese phone carrier announced plans Friday to build 400 charging stations for elect . . .

Google Building Fleet of Package-Delivering Drones

Thursday, 28 Aug 2014 23:16 PM

Google's secretive research laboratory is trying to build a fleet of drones designed to bypass earthbound traffic so pac . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved