Global IT spending will increase by 5.3 per cent this year to touch $3.4 trillion, IT research and advisory company Gartner forecast on Monday.
Spending will rise 4.2 per cent in 2011, while the global IT services market will grow by 5.7 per cent in 2010 to $821 billion.
“Worldwide IT spending is forecast to reach $3.4 trillion in 2010, a 5.3 per cent increase from $3.2 trillion in 2009. The industry will continue to show steady growth with spending in 2011 projected to surpass $3.5 trillion, a 4.2 per cent increase from 2010,” it said.
“Following strong fourth quarter sales, an unseasonably robust hardware supply chain in the first quarter of 2010, combined with continued improvement in the global economy, sets up 2010 for solid IT spending growth,” said Gartner Research Vice-president Richard Gordon.
Giving a break up, Gartner said worldwide computing hardware spending is forecast to reach $353 billion in 2010, a 5.7 per cent increase from 2009. Robust consumer spending on mobile PCs will drive hardware spending in 2010.
Enterprise hardware spending will grow again in 2010, but it will remain below 2008 levels through 2014. Spending on storage will enjoy the fastest growth in terms of enterprise spending as the volume of enterprise data that needs to be stored continues to increase.
Worldwide software spending is expected to total $232 billion in 2010, a 5.1 per cent increase from last year. In 2010, a majority of enterprise software markets will see positive growth.
IT services industry worldwide is forecast to see spending at $821 billion in 2010, up 5.7 per cent from 2009.
The industry experienced some growth in reported outsourcing revenue at the close of 2009, an encouraging sign for service providers, which Gartner analysts believe will spread to consulting and system integrations in 2010.