Technology research firm Forrester predicted an increase of 9.3 percent in the global IT market this year. This will be driven by increase in spending on software and computer equipment, according to Andrew Bartels, vice-president and principal analyst. He said US IT outsourcing services will reach $91 billion this year and grow to $97 billion in 2011.
It is expected that US IT spending will grow 11 percent this year, while an increase of 10.5 percent is predicted in software spending. “The 2009 tech downturn was shallower and shorter than the 2001-02 US tech depression,” Bartels said. He added that professional services companies, financial services firms, and the government sector will be the biggest IT spenders.
On the other hand, Bartels said IT outsourcing will continue to grow, but growth rate will be slower.