Businesses are gearing up to spend an increasing amount of money on upgrading and improving their IT systems during 2010, new research has revealed.
According to leading information technology research and advisory company Gartner, spending on IT is set to grow by 5.3 per cent worldwide this year, with a total of $3.4 trillion predicted to be spent.
George Shiffler, research director at Gartner, said that in addition to businesses bolstering the market, consumer behavior would also be a factor.
He continued: "Computing hardware suffered the steepest spending decline of the four major IT spending category segments in 2009. However, it is now forecast to enjoy the joint strongest rebound in 2010."
Earlier this year, a study conducted by Thomson Reuters and Lepus showed that businesses planned to increase their spending on data projects.
It claimed that 77 per cent of participants will be increasing their capital outlay on data quality issues, while 87 per cent are looking to improve their data consistency.
Posted by Paul Newton