Worldwide IT Spending to Grow 5.3 Percent in 2010

Gartner says strong first-quarter hardware sales set the stage for IT spending growth in 2010.

Gartner: In 2009, IT spending totaled $3.2 trillion, but Gartner now predicts that number will increase 5.3 percent to $3.4 trillion in 2010. The company bases those predictions in part on unseasonably strong hardware sales in the first quarter of this year.

"Following strong fourth quarter sales, an unseasonably robust hardware supply chain in the first quarter of 2010, combined with continued improvement in the global economy, sets up 2010 for solid IT spending growth," said Richard Gordon, research vice president at Gartner. "However, it's important to note that nearly 4 percentage points of this growth will be the result of a projected decline in the value of the dollar relative to last year. IT spending in exchange-rate-adjusted dollars will still grow 1.6 percent this year, after declining 1.4 percent in 2009."

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