Gartner Expects Worldwide IT Spending to Surpass $3 Trillion This Year
Yahoo Finance, Monday October 8, 11:37 am ETORLANDO, Fla. (AP) -- Worldwide information technology spending will surpass $3 trillion this year, according to market researcher Gartner Inc.
Gartner said Monday IT spending in 2007 will reach $3.1 trillion, an 8 percent increase from last year. Spending for 2008 is forecast to grow 5.5 percent to reach $3.3 trillion.
"On a worldwide basis, IT spending continues to grow at a rapid pace in developing countries," said Peter Sondergaard, senior vice president and global head of research at Gartner, in a statement.
"In fact, one-third of IT spending now occurs outside of North America, Western Europe, and Japan. This development will create new innovation in IT, new competitors, new usage patterns, and continued cost improvement benefits for users," he added.
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