Technology: Upward Trend in 2010 IT Market

first_img Leave a Comment Category: Technology January 13th, 2010 Forrester Research is saying that all signs are looking up for an IT rebound in 2010.  “The technology downturn of 2008 and 2009 is unofficially over,” said Andrew Bartels, Forrester analyst and vice president. “All the pieces are in place for a 2010 tech-spending rebound. In the U.S., the tech recovery will be much stronger than the overall economic recovery.”  The estimate is for theglobal IT market to grow 8.2 percent this year, to $1.6 trillion, compares with an 8.9 percent decline in global spending in 2009.  In the US, the IT market is expected to grow 6.6 percent to $568 billion.Hardware and software sectors will lead the tech spending recovery, with an 8.2 percent rise in global computer equipment purchases, 7.6 percent in communications equipment and 9.7 percent in software spending.   Forrester’s estimates jive with other analysts. Last fall Gartner forecast 3.3 percent growth in global technology spending, and IDC said that worldwide tech spending would grow 3.2 percent in 2010.Forrester is also predicting that we are in the start of a a six-year cycle of growth and innovation that will be driven by “smart computing,” a combination of advanced hardware and software technologies that will drive new levels of automation and efficiency.   “Smart Computing rests on a new foundation technologies such as service-oriented architecture, server and storage virtualization, cloud computing, and unified communications. 2010 marks the beginning of this next phase of technology advancement,” says Forrester.This is good news for companies involved with data management.  Smart computing won’t be possible without clean and accurate data. Technologies under the umbrella of ECM, especially search and business intelligence are sure to be part of the next new growth cycle. ‹ SaaS: Should you Use SaaS with Enterprise Search? Technology: What’s in Store for 2010 ›last_img

Leave a Reply

Your email address will not be published. Required fields are marked *