Worldwide spending on information technologies will continue to feel the effects of the global recession throughout 2010, according to a new forecast from IDC.
In a release, IDC said rolex fake that worldwide IT spending will increase by 3 percent in 2010 at constant currency. In the United States, IT spending is forecast to increase by less than 3 percent.
"Despite pent-up demand for upgrades and new applications following the deep spending cuts of the past year, economic uncertainty will combine with capital and credit constraints to inhibit spending in mature economies," said Stephen Minton, vice president of Worldwide IT Markets and Strategies at IDC. "The engine of global industry growth in 2010 will be in emerging markets, in particular China and India, where IT spending will recover much more quickly."
Overall, IDC said it forecasts that worldwide IT spending will reach $1.48 trillion in 2010, still below the $1.5 trillion recorded in 2008. "Following a decline in overall tech spending of 4.5 percent at constant currency in 2009, IT spending will not fully recover from the global recession until sometime in 2011," Minton said.
The release said that IDC's forecast of 3 percent growth in worldwide IT spending is at constant currency, and does not assume future fluctuations in the value of the U.S. dollar or other international currencies over the next 12 months. If the U.S. dollar weakens in 2010, the actual recorded growth of IT spending in US$ may be significantly higher. Measured in U.S. dollars, worldwide IT spending declined by 8 percent in 2009 due to the stronger value of the dollar compared to 2008.
On a global basis, IDC said it expects hardware spending to tag heuer replica grow by 5 percent in 2010, while software spending and IT services spending will grow by 2 percent and 3 percent, respectively, in constant currency. In the hardware segment, worldwide PC spending is forecast to increase by 3 percent this year, up from the previous forecast of 2 percent growth, while the forecast for servers, storage, hardcopy peripherals, and network equipment have also been raised. The outlook for software and services spending reflects the lower value of contracts signed in the past year and continued caution toward new project-based spending in mature economies.
IDC said its clients can learn more about the new forecast by joining a live telebriefing on February 25, at 12 p.m. U.S. Eastern Standard Time. For more information or to register for this telebriefing, clients can go to IDC's website.
IDC is a provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. IDC helps IT professionals, business executives, and the investment community make fact-based decisions on technology purchases and business strategy. More than 1,000 IDC analysts provide global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC is a subsidiary of IDG, a technology media, research, and events company.
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