Blade Watch

Finextra

Global spending on information technology is in for its worst ever year but things are looking up, with growth expected to return in 2010, according to research firm Gartner.

Tech spending in 2009 will be down 5.2% on the previous year but Gartner is predicting a 3.3% bounce in 2010 to $3.3 trillion. However, the market is not expected to recover to 2008 levels before 2012.

Peter Sondergaard, global head of research, Gartner, says: “2010 is about balancing the focus on cost, risk, and growth. For more than 50 per cent of CIOs the IT budget will be 0 per cent or less in growth terms. It will only slowly improve in 2011.”

An interesting article, we’ll need to see what happens, certainly the market (in IT) seems to be stabilizing and I wonder if this is not the beginnings of a new period of growth as businesses realize new opportunities, complete mergers and acquisitions or look to seeing how they can use technology to reduce costs.

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