Forrester: Global IT spending to increase 8% this year
IT purchases will increase less in the U.S.
Jim Carbone -- Purchasing, 1/12/2010 3:16:06 PM
Information Technology (IT) spending in the U.S will grow 6.6% to $568 billion in 2010 as businesses and governments increase purchases of computers, software and IT services, according to a report by Forrester Research in Cambridge, Mass. In 2009, IT spending in the U.S. fell 8.2%.
Global IT spending will rise 8.1% to $1.6 trillion after declining nearly 9% in 2009.
Andrew Bartels, Forrester Research vice president and principal analyst, says the tech recovery will be much stronger than the overall economic recovery. In the U.S., technology spending will grow at more than twice the rate of gross domestic product (GDP) in 2010, he says.
Software and computer hardware will post the greatest growth, says Forrester. Global purchases of computer equipment will increase 8.2%, while communications equipment buying will rise by 7.6%. Software spending will increase 9.7% and purchases of IT consulting and systems integration services will grow 6.8%.
The recovery of the technology sector will be welcome news to the entire electronics supply chain as it will help drive sales of semiconductors and semiconductor equipment.
The Semiconductor Industry Association says chip revenue will grow 10.2% to $242.1 billion. However, some market research firms forecast semiconductor revenue growth even higher in the 14-15% range.
Growing demand for semiconductors will result in semiconductor suppliers investing in new equipment. Semiconductor capital equipment spending will rise 56% from $16.9 billion in 2009 to $25.47 billion in 2010, according to trade association SEMI. Capital equipment includes wafer fab equipment, packaging and assembly and automated test equipment.
In July, analyst firm Gartner forecasted that spending on IT equipment, software and services would drop 6% in 2009.
Semiconductor sales increased 5.4% in May
07/05/2009PURCHASING HOTLINE
12/21/2000
Now Playing: 