Ecommerce beats Y2K spend – soon

Half of the IT market by 2002

IT spending is set to climb 50 per cent by 2002, spurred on more by ecommerce than Y2K, says GartnerGroup. Worldwide sales will reach $2.2 trillion this year, with around Y2k upgrades accounting for 40 per cent of the total. By 2002, however, the market will grow to £3.3 trillion with ecommerce accounting for 50 per cent of IT spend. Gartner predicts a major sales surge in 12 months time, again mostly due to e-business. IT will become more mainstream, with ecommerce integrated into businesses, it said. Gartner advocates an "holistic" approach to ecommerce. One all-encompassing business plan with e-business driving all technology would be more successful than lots of different project strung together, it said. "Enterprises must properly integrate e-business and IT planning into the core business planning this year, or they may have to make that IT expenditure again next year," warns Lou Marcoccio, a Gartner research director. ®

Sponsored: 5 critical considerations for enterprise cloud backup