Global IT Spending To Reach $1.48 Trillion In 2010, IDC Says
Companies are expected to increase spending on IT services to $587 billion at the end of this decade by the compound annual growth rate of 5.8%.
A market research says that, global IT spending is estimated to increase to $1.48 trillion in 2010 by the compound annual growth rate of 6.3%.
Broken down by segment, worldwide software spending is expected to reach $327 billion in three years, reflecting a compound annual growth rate of 7.7%, International Data Corp. said Wednesday. The hardware market is projected to reach $562 billion by 2010, driven mainly by "robust" spending from the home business and consumer, communications, and government sectors. Specifically, IDC spent more money on volume servers, peripherals, storage, and networking equipment all over the world.
Companies are also expected to increase spending on IT services to $587 billion at the end of the decade by the compound annual growth rate of 5.8%, IDC said. Government, banking, and discrete manufacturing are the sectors that have the highest demand.
The spending projections are contained in an IDC study called Worldwide IT Spending, 2006-2010 Forecast Update by Vertical Market: North America, West Europe, Asia Pacific, and Rest of the World.
Companies are also expected to increase spending on IT services to $587 billion at the end of the decade by the compound annual growth rate of 5.8%, IDC said. Government, banking, and discrete manufacturing are the sectors that have the highest demand.
The spending projections are contained in an IDC study called Worldwide IT Spending, 2006-2010 Forecast Update by Vertical Market: North America, West Europe, Asia Pacific, and Rest of the World.
Global IT Spending To Reach $1.48 Trillion In 2010, IDC Says
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