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Gartner UK Ltd

Gartner Says Worldwide Enterprise IT Spending on Pace to Grow 2.9 Per Cent in 2010

(PresseBox) (Stamford, Conn., )
Worldwide enterprise IT spending across all industry markets will grow 2.9 per cent in 2010 and surpass $2.4 trillion, according to Gartner, Inc. Analysts said that all industries are continuing to return to growth after a challenging year in 2009, when IT spending by vertical market totalled US $2.3 trillion, a 5.9 per cent decline from 2008.

"The enterprise IT market will certainly return to growth in 2010, but we now expect it will grow by only 2.9 per cent globally, down from 4.1 per cent growth we had forecast earlier this year," said Kenneth Brant, research director at Gartner. "The national and international government sector will experience the strongest growth rate in 2010, with IT spending growing 4 per cent in 2010 (see Table 1)."

Gartner recommends that technology and service providers target highgrowth industry segments through 2014, as well as undertaking further analysis of large, slowgrowth segments for unusual growth opportunities at the sub - industry segment level. However, Mr Brant advised technology providers to exercise caution with regard to the economy and its impacts on enterprise IT markets.

"We're advising our technology provider clients to prepare business plans for 2011 on the basis of our mostlikely scenario for enterprise IT spending growth - 3.5 per cent. However, they should act now to develop contingencies to mitigate the risk of zero growth in 2011, a scenario that carries a lower probability but a much higher potential impact," Mr Brant said. "The bottom line is that technology providers need to be prepared for the worst case, where commercial IT markets stagnate and governments transition to fiscal austerity programmes." Furthermore, Mr Brant urged technology providers to continue to promote IT solutions that deliver "cost optimisation" through 2011, which he contends will be a persistent and overriding value for IT buyers even as markets return to growth.

Additional information is available in the report "Forecast: Enterprise IT Spending by Vertical Industry Market, Worldwide, 2008-2014, 2Q10 Update." The report is available on Gartner's website at http://www.gartner.com/....

Gartner UK Ltd

Gartner, Inc. (NYSE: IT) is the world's leading information technology research and advisory company. Gartner delivers the technology-related insight necessary for its clients to make the right decisions, every day. From CIOs and senior IT leaders in corporations and government agencies, to business leaders in high-tech and telecom enterprises and professional services firms, to technology investors, Gartner is the valuable partner to 60,000 clients in 10,800 distinct organizations. Through the resources of Gartner Research, Gartner Executive Programs, Gartner Consulting and Gartner Events, Gartner works with every client to research, analyze and interpret the business of IT within the context of their individual role. Founded in 1979, Gartner is headquartered in Stamford, Connecticut, U.S.A., and has 4,300 associates, including 1,200 research analysts and consultants, and clients in 80 countries. For more information, visit gartner.com.

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The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.