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Worldwide IT spending to be affected by economic problems

Rachel Wheeler Archive
The worldwide IT spending of businesses in 2010 has been predicted to increase by 3.9 per cent compared to last year, it has been suggested.

According to a forecast by Gartner, organizations are likely to invest a total of $3,350 trillion in the area this year - up from $3,225 trillion in 2009.

This latest prediction is down from the 5.3 per cent increase which the company cited earlier in the year because of the devaluation of the euro against the dollar, with many European organizations affected by government austerity measures.

"The European sovereign debt crisis is having an impact on the outlook for IT spending," Richard Gordon, research vice president at Gartner, explains.

"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."

Earlier this year, a study conducted by Thomson Reuters and Lepus claimed that businesses planned to increase their spending on data projects in 2010.

Posted by Rachel Wheeler