For Technology Product Management & Marketing Professionals (Length: 27 pages)

November 21, 2006

Global IT Spending And Investment Forecast, 2006 To 2007

US Slowdown In 2007 Will Dampen The $1.6 Trillion Global IT Market

by Andrew Bartels

with Bradford J. Holmes, Heidi Lo

Executive Summary (This is a document excerpt)

Global purchases of IT goods and services will reach $1.55 trillion in 2007, growing by 5% following 8% increases in both 2005 and 2006. A slowing US economy will be the main cause, pulling down growth in IT purchases both in the US and in major trading partners in Asia Pacific and the rest of the Americas. Total global spending on technology goods, services, and staff — the global IT operating budget — will reach $2.13 trillion in 2007, up 6% from $2.02 trillion in 2006. The 2007 growth rate will be a slowdown from 8% in 2006, as the lag effect of depreciation from 2005 to 2006 IT investments keeps IT operating budgets growing even though the rate of growth in new purchases will slow in 2007.

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