Published on April 14th, 20100
IT buyers wake up to the tune of $3.4 trillion
Industry analyst Gartner has forecast a $3.4 trillion spend worldwide in 2010, a five per cent increase over last year, as businesses revive legacy hardware and data storage projects held back by the recession.
A further rise of four per cent is pegged for 2011, with software segments such as virtualisation, security, data integration/data quality and business intelligence steadily growing over the next three to four years.
“Cost optimisation and the shifts in spending from mega suites to the automation of processes will continue to benefit alternative software acquisition models, as organisations will look for ways to shift spending from capital expenditures to operating expenditures,” said Joanne Correia, vice president at Gartner.