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  • Author Author: e14news
  • Date Created: 4 Nov 2009 3:09 PM Date Created
  • Last Updated Last Updated: 7 Oct 2021 1:07 AM
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Gartner: IT spending will grow next year

Those working in the connectors or optoelectronics industries may be interested to hear the results of the latest report from Gartner.

The electronics research and advisory firm has revealed that although there is likely to be a decline in virtual IT spending in 2009, this will increase when 2010 arrives.

It is predicted that next year, the market could grow at 2.3 per cent, which means that spending may reach $2.34 trillion (£1.41 trillion).

Kenneth Brant, research director at Gartner, explained that in 2008, financial services, manufacturing and government were the three largest industry segments and this is likely to be the case until 2013.

He added that expectations for when the market "will return to positive growth in IT spending" will "vary significantly by industry sector, with the majority of industries expected to enter a period of sustained, positive growth in 2011".

In related news, Gartner stated recently that if there is a flu pandemic this year, broadband supplies may not be able to cope with the increased pressure placed upon them.ADNFCR-1785-ID-19442922-ADNFCR
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