According to a new forecast from IDC, worldwide IT spending will increase by just 3 percent in 2010 at constant currency and 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 spending cuts of the past year, replica clothing economic uncertainty will combine with capital and credit constraints to inhibit spending in mature economies," said Stephen Minton, VP 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 forecasts that worldwide IT spending will reach $1.48 trillion in 2010, still below the $1.5 trillion recorded in 2008. IDC's forecast of 3 percent growth in worldwide IT spending is at constant currency, and does not assume future fluctuations in the value of the U.S. dollar or other international currencies over the next 12 months. If the U.S. dollar weakens in 2010, the actual recorded growth of IT spending in US$ 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 expects hardware spending to 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 wholesale colthing 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 is a provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets.
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