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Strategy
Competing with brains, not brawn
Monday, August 5, 2002
Competing with brains, not brawn
Monday, August 5, 2002
IDC Projects Increases In Software and Services Spending
Most of us will believe it when we see it, but IDC is projecting growth for IT spending. According to the firm's latest report, spending on IT hardware is expected to decline by 4 percent in 2002. But, IDC reports the bottom has been reached for worldwide spending on IT and companies can expect a gradual recovery in the third quarter with real gains in the fourth quarter. IT spending in 2003 is expected to reach record heights, growing by 9 percent worldwide to top the $1 trillion mark for the first time.
Most of us will believe it when we see it, but IDC is projecting growth for IT spending. According to the firm's latest report, spending on IT hardware is expected to decline by 4 percent in 2002. But, IDC reports the bottom has been reached for worldwide spending on IT and companies can expect a gradual recovery in the third quarter with real gains in the fourth quarter. IT spending in 2003 is expected to reach record heights, growing by 9 percent worldwide to top the $1 trillion mark for the first time.
IDC's hopes for IT spending recovery spring eternal. Analyst firm's forecast shows 3.7 percent growth over 2001 [InfoWorld: Top News]
10:22:50 PM 
