Feeds

Forrester calls time on IT downturn

It's over. Unofficially

Bridging the IT gap between rising business demands and ageing tools

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. ®

Seven Steps to Software Security

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.