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- Dubai 05:24 06:42 12:10 15:09 17:32 18:50
Global spending on information technology (IT) will rebound this year, rising more than six per cent to top $1.6 trillion (Dh5.87trn), Forrester Research Incorporated said yesterday.
"The technology downturn of 2008 and 2009 is unofficially over," Forrester Vice-President and Principal Analyst Andrew Bartels said in a release.
"All the pieces are in place for a 2010 tech spending rebound," he added.
The health of the technology industry will improve faster than the overall economy in the United States with IT spending growing at double the rate of the country's gross domestic product, according to Forrester.
IT purchasing in the United States this year is predicted to climb 6.6 per cent to $568 billion.
Europe markets are expected to be the stage for the strongest technology spending, with purchases boosted to 11.2 per cent due in part to the euro's strength against the US dollar.
IT purchasing is predicted to grow 9.9 per cent in Canada, 7.8 per cent in the Asia Pacific region, and by 7.7 per cent in Latin America.
The weakest growth will be about 2.4 per cent in Eastern Europe, Africa, and the Middle East, according to the Forrester study.
The industry tracker said that global purchases of computer gear, including accesories such as webcam, electronic mouse and keyboards, will rise 8.2 per cent while spending on software will increase 9.7 per cent.
"We are entering a new six- to seven-year cycle of IT growth and innovation," Bartels said.
Global spending on information technology sank 8.9 per cent in 2009, according to Forrester.
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