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Gartner lowers enterprise IT spending forecast

by Scott Bicheno on 10 August 2010, 16:51

Tags: Gartner (NYSE:IT)

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Market research outfit Gartner has announced it expects worldwide enterprise IT spend to grow by 2.9 percent this year - lower growth than it had previously forecast.

"The enterprise IT market will certainly return to growth in 2010, but we now expect it will grow by only 2.9 percent globally, down from 4.1 percent 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 percent in 2010."

But he warned that, while Gartner is forecasting further growth of 3.5 percent in 2011, there is a chance growth could stall as public sector austerity programmes begin in earnest, and technology providers should bear that in mind.

 

IT Spending by Industry Vertical Market, Worldwide (Millions of Dollars)

Industry

Total IT  
Spending  
2010  

Total IT  
Spending  
2009  

2009-2010  
 Growth (%)

Banking and Securities

390,488

379,855

2.8

Communications Media and Services

 

392,506

378,750

3.6

Education

64,148

62,607

2.5

Healthcare

88,996

86,215

3.2

Insurance

159,926

156,573

2.1

Local and Regional Government

179,664

176,747

1.7

Manufacturing and Natural Resources

426,085

415,480

2.6

National and International Government

244,410

235,086

4.0

Retail

146,239

142,420

2.7

Transportation

105,703

103,689

1.9

Utilities

125,583

119,927

4.7

Wholesale Trade

83,315

81,196

2.6

Total

2,407,063

2,338,544

2.9

Source: Gartner (August 2010)

 



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