Worldwide IT Spending to Grow 3% in 2010

IDC's Worldwide Black Book says worldwide IT spending in 2010 will reach just $1.48 trillion in 2010, still below 2008's $1.5 trillion.

IDC: IDC says that the worldwide IT market will continue to feel the effects of the recession this year, growing just 3 percent to $1.48 trillion. That's still below 2008's spending of $1.5 trillion.

"Despite pent-up demand for upgrades and new applications following the deep spending cuts of the past year, economic uncertainty will combine with capital and credit constraints to inhibit spending in mature economies," said IDC's Stephen Minton. "The engine of global industry growth in 2010 will be in emerging markets, in particular China and India, where IT spending will recover much more quickly."

In the U.S., IDC believes spending will grow by less than 3 percent.

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