Market research company Gartner has predicted that global spending on IT could grow this year, with the possibility of reaching 2008 levels by the end of 2010.
IT spending could amount to $3.4 trillion (£2 trillion) over the next 12 months, according to a representative from the firm.
Richard Gordon, research vice-president at Gartner, explained that its analysts upwardly revised their forecast for the year after seeing predictions improve regarding the value of the dollar.
He explained: "Much of the increase in our revised 2010 forecast can be attributed to a projected decline in the value of the US dollar compared to 2009."
If the company's predictions become reality then it will mean a 4.6 per cent increase in spending internationally, which is a step up from the 2009, during which the figure declined by the same amount.
This week, a survey by Gartner was published which indicated that chief information officers will have a similar level of resources available to them in 2010 as they did in 2005.