August 24, 2004

IT Spending Outlook: 2004 To 2008 And Beyond

Waiting For The Next Big Thing

by Andrew Bartels

with Tom Pohlmann, Natalie Lambert

Executive Summary (This is a document excerpt)

During the next five years, spending on IT goods, services, and staff by US companies and governments will grow, on average, at 6% annually from 2003 to 2008. We are in the second half of an eight-year period of technology digestion and refinement, in which technology buyers focus on ROI and process changes to get value from the technology they have bought and during which tech vendors focus on making technology cheaper and easier to use. As a result, investment in technology will grow only slightly faster than economic growth. But the seeds of the "next big thing" in technology will be sown during this period, leading to a boom in tech spending starting in 2008 and continuing through 2016.

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