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

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