Feeds

IT spending to top $3 trillion in 2007

But don't pop the champagne corks yet

Beginner's guide to SSL certificates

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

Beginner's guide to SSL certificates

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.