No Recession In 2010 For Tech Sector Says Forrester

Analyst firm Forrester Research Inc. has presented an optimistic picture of the tech sector in the year 2010, forecasting that the year would see a sizable increase in spending on information technology, globally.

Forrester is claiming a strong rebound in the information technology purchase in the year ahead, predicting a market growth of more than six percent with revenues clocking to the tunes of $1.6 trillion.

The company further claimed that IT sector in the US is poised to recover faster from the global economic crunch than the overall economy, with IT spending is increasing at two times the rate of the nation’s gross domestic product.

The analyst firm further anticipated the US IT spending to grow by a considerable 6.6 percent to $568 billion in this year, after plunging by 8.2 percent in the last year.

Europe is expected to the strongest contributor to this noteworthy recovery, with IT purchases in the region could be bolstered up to 11.2 percent owing to the Euro’s strength against the US dollar.

In addition, Asia pacific region is expected to grow by 7.8 percent, while IT spending in Canada is predicted to grow by 9.9 percent and Latin America by 7.7 percent.

Andrew Bartels, principal analyst with Forrester, said in a statement: “The technology downturn of 2008 and 2009 is unofficially over. All the pieces are in place for a 2010 tech spending rebound”.

Our Comments

So the technology sector is kind of out of the recession as other sectors could be lagging behind. Windows 7 and a raft of new technologies will ensure that corporate clients spend big money in 2010 as the delayed refreshes that were supposed to happen with Windows VIsta finally take place.

Related Links

Forrester: Tech Spending Downturn Is Over

(PC World)

Forrester Says Tech Recession Is Over

(Information Week)

Forrester sees IT spending rebound in 2010

(AFP)

Forrester says technology recession is unofficially over

(The Tech Herald)

Tech Sector to Rebound in 2010 on Spending, Forrester Says

(The Wall Street Journal)