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SOFTWARE INDUSTRY NEWS |
Gartner reduces worldwide IT spending growth forecast to 3.9 Percent for 2010 |
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Gartner has said that worldwide IT spending is forecast to total $3.350 trillion in 2010, an increase of 3.9 percent from 2009 spending of $3.225 trillion, according to its most recent outlook. The research firm lowered its outlook for the IT industry from its previous forecast of 5.3 percent, announced during the first quarter of this year, primarily due to the devaluation of the Euro versus the US dollar since the beginning of the year.  Analysts will host a discussion on the latest outlook for the IT Industry during the upcoming Gartner Webinar "IT Spending Forecast, 2Q10 Update: Growth in an Age of Austerity" on July 6, 2010. Richard Gordon, research vice president at Gartner blamed the European sovereign debt crisis for the adverse impact on the outlook for IT spending. The crisis has a major role in the US dollar strengthening its position against the Euro during the second quarter of 2010. Gordon said the trend will most likely continue in the second half of 2010, “which will put downward pressure on US-dollar-denominated IT spending growth." "Our latest IT spending forecast reflects the fact that the global economic outlook is stable but vulnerable to shocks in key regions and industries, which means that IT spending decisions are still scrutinized for value," Gordon said. He said longer term public sector spending will be curtailed in Europe as governments try to control their budget deficits during the coming five-year period, and work to reduce debt during the next 10 years. "Private-sector economic activity will also likely be hindered because of the direct impact of austerity measures on key government suppliers and the indirect impact caused by the 'ripple effect.' An effective policy response will be critical to stimulate investment in general and in IT in particular." Worldwide computing hardware spending is forecast to reach $365 billion in 2010, up 9.1 percent from 2009 spending. Gartner expects PC shipments to remain robust throughout 2010 and 2011, Gordon said, with consumer shipments continuing to be powered by strong mobile PC uptake and professional shipments buoyed by a new replacement cycle and migration to Windows 7. In software, IT services and telecommunications, the appreciation in the value of the US dollar, especially against the Euro, has acted to dampen US-dollar-denominated growth in 2010, Gartner said. |
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