IDC: ''IT spending to grow 6 percent in 2005''

Posted on Saturday, December 04 2004 @ 17:32 CET by Thomas De Maesschalck
In making its annual predictions for the upcoming year, IDC said it expects worldwide IT spending to grow 6.1 percent for 2005, a year which will be marked by "enormous turbulence" and significant consolidation and realignment in several key sectors.

The 6.1 percent growth, a slight improvement over the 5 percent growth rate expected for 2004, means the IT market will exceed $1 trillion in overall spending, delivering about $60 billion worth of net spending growth, according to IDC executives. The company expects, however, that growth in IT spending will continue to be moderate through 2008.

More details at InfoWorld

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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