Web 2.0 News Desk
Virtualization Expo - IT Spending Will Be Up 8% This Year!
Gartner figures software should be up 10% and service up 9.4% in 2008
By: Maureen O'Gara
Sep. 11, 2008 11:00 PM
Gartner now says worldwide IT spending should be up 8% this year to $3.4 trillion. But if you factor out the vagaries in the US dollar the number is closer to 4.5%.
Gartner figures software should be up 10% and service up 9.4%.
It reckons that “Software-as-a-service/cloud computing, Service Oriented Architecture/Web 2.0 and open source software are causing huge changes to the software market. Many of these factors are impacting market growth as enterprises replace assets with per-use services.”
Other factors include emerging markets and replacement of obsolete systems.
Hardware spending is supposed to be up 7%, complements of laptops and European and Asia-Pac sales.
Services and telecom products are supposed to account for $2.8 billion in spending this year and $3 billion next year.
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