Tech Spending to Outpace Economic Growth

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Includes: AAPL, CSCO, DELL, GOOG, MSFT
by: Research Recap

The technology industry will be among the bright spots of the global economic recovery in 2010. Forrester Research forecasts that IT purchases (measured in US dollars) will grow by more than 8% over the depressed levels of 2009, led by software sales and some segments of computing hardware.

ForresterJust as importantly, 2010 will be the year that the next wave of tech industry innovation and growth — what Forrester calls Smart Computing — will take center stage in determining the contours of the industry’s growth and the relative fortunes of its constituent suppliers.

Forrester’s Predictions for 2010:

  • The Tech Spending Rebound Far Outpaces The Global Economic Recovery
  • Smart Computing Markets Take Center Stage
  • Cloud Services Mature, But Adoption Doesn’t Match The Hype
  • IT Services Growth Rebounds, But Margins Remain Under Pressure
  • A Selective Rebound For Software Sales
  • IT-To-BT (Business Technology) Shift Means Enterprise Engagements Are Services-Led And Vertical-Specific
  • IT Management Software And Suppliers Are Embedded Into Larger Systems

IT