Feeds

IT spending to top $3 trillion in 2007

But don't pop the champagne corks yet

SANS - Survey on application security programs

Global spending on IT is set to reach $3.1 trillion this year, according to the latest research from analysts at Gartner.

The figure represents an eight per cent increase from the previous year, while spending for 2008 is forecast to grow 5.5 per cent, reaching a total of $3.3 trillion.

The figures were revealed at the opening of the Gartner Symposium/ITxpo in Orlando, Florida, on Monday. Gartner senior vice president and global head of research Peter Sondergaard told an audience of 6,000 IT decision-makers at the conference that they would have to be flexible with their budget planning for the coming years, in anticipation of a possible recession.

"The business plans that you had in June are probably not going to completely address the changed conditions of your business in November," he said. "Together with your business colleagues and your CEO you are going to have to deliver new efficiencies, new innovations and new ideas to sustain profitability and growth. IT will be core to many of those responses."

Gartner's figures also show that spending on IT continues to grow at a rapid pace in developing countries, with one-third of all spending now occurring outside of North America, Western Europe, and Japan.

Commenting on this development, Sondergaard said: "This will create new innovation in IT, new competitors, new usage patterns, and continued cost improvement benefits for users."

Gartner is also predicting that end-user spending will globally move towards software, services, and mobility. These categories made up 57 per cent of IT spending in 2006, but it is predicted this will become 60 per cent in 2008, and 63 per cent by 2011.

© 2007 ENN

High performance access to file storage

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.