Feeds

Forrester calls time on IT downturn

It's over. Unofficially

Choosing a cloud hosting partner with confidence

Forrester Research today upped its forecasts for spending on IT wares this year, thanks in large part to a slightly faster recovery in the United States than the market prognosticators expected when they did their initial projections back in January.

At the time, Forrester called an "unofficial" end to the technology downturn of 2008 and 2009, saying that global IT spending would rise by 8.1 per cent in 2010, surpassing $1.6 trillion when reckoned in US dollars. Because of the severity of the recession last year in the US and the faltering recovery as 2009 came to a close, Forrester only projected a 6.6 per cent rise in IT spending across hardware, software, and services this year, to $568bn.

But today in a blog posting, Andrew Bartels, the vice president and principal analyst at Forrester who is responsible for economic and IT spending modeling, didn't just make an unofficial call on the end to the downturn, but he said more emphatically that the "tech recovery of 2010 is underway."

Specifically, Bartels said that communications companies in the States are buying a little more gear than expected and he raised his projections for US IT spending growth to 8.4 percent, to $578bn. (That extra $10bn is going to come in handy for a lot of hardware makers). The global IT spending picture is down a bit, however, with the dollar strengthening against the Euro due to the debt crisis in Greece. Bartels is now forecasting global IT sales will rise by only 7.7 per cent, to just under $1.6 trillion. A lot of that muted growth is due to currency effects, of course. But some of it is really the cooling on spending in Europe. ®

Choosing a cloud hosting partner with confidence

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
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
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.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.