At the Gartner Symposium/ITExpo 2009 in Orlando, Fla., Peter Sondergaard, a senior vice president of research at Gartner, says 2009 was the worst spending cycle ever. He adds that Silicon Valley will no longer be in charge of the rebound and emerging regions will drive IT spending and how it's deployed.
Sondergaard predicts that IT spending won't recover across all vertical markets until 2012. Healthcare, utilities, and government IT spending are likely to recover more rapidly. "Federal government spending on IT has become the new emerging market," Sondergaard said.
Furthermore, overall IT spending is predicted to rise 2.2 percent in 2010, but Sondergaard pointed out IT budget growth for many in the audience was likely to be 0 or even less. Is this true in your organization?
Bill Detwiler has nothing to disclose. He doesn't hold investments in the technology companies he covers.
Bill Detwiler is Managing Editor of TechRepublic and Tech Pro Research and the host of Cracking Open, CNET and TechRepublic's popular online show. Prior to joining TechRepublic in 2000, Bill was an IT manager, database administrator, and desktop support specialist in the social research and energy industries. He has bachelor's and master's degrees from the University of Louisville, where he has also lectured on computer crime and crime prevention.