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JohnnyV
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 Posted: Tue 12th Jan, 2010 3:19 pm Post subject: Tech Recession Has Ended |
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| Quote: | U.S. and global spending on IT hardware and software will bounce back strongly in 2010, market watcher Forrester said Tuesday.
The research firm is calling for tech spending in the U.S. to grow 6.6% this year, to $568 billion, after being down 8.2% in 2009. Worldwide spending will jump 8.1% to more than $1.6 trillion, following a decline of 8.9% last year.
"The technology downturn of 2008 and 2009 is unofficially over," said Forrester principal analyst Andrew Bartels, in a statement.
Regionally, the Continent will see the strongest growth. Forrester expects tech spending in Western and Central Europe to increase 11.2% on the back of the Euro's strength versus the dollar. Canada, Asia Pacific, and Latin America are also predicted to enjoy solid growth rates of 9.9%, 7.8%, and 7.7%, respectively.
U.S. IT spending growth is pegged at 6.6%, while the research firm expects spending in the so-called EMEA region, which comprises Eastern Europe, the Middle East, and Africa, to grow by just 2.4%.
"All the pieces are in place for a 2010 tech spending rebound. In the U.S., the tech recovery will be much stronger than the overall economic recovery, with technology spending growing at more than twice the rate of gross domestic product this year," said Bartels. |
[url=http://www.informationweek.com/news/security/client/showArticle.jhtml?articleID=222300512]
http://www.informationweek.com/news/security/client/showArticle.jhtml?articleID=222300512[/url] |
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