For IT Spending & Budgeting Professionals

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	March 25, 2005 US IT Spending In 2004: How The Year Ended Out Like A Lamb In 2004 Means In Like A Lamb In 2005 by Andrew Bartels with Tom Pohlmann, G. Oliver Young

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Executive Summary

Final data on 2004 spending on information technology goods, services, and staff by US companies and governments confirmed our forecasts of 5% growth for the year. The slowing of growth rates in new investments and vendor revenues in Q4 to high single-digit growth from the double-digit growth rates of the first half of 2004 sets the stage for 7% growth in 2005. Forrester has made some minor changes to the 2005 forecast, such as increasing the growth in spending and investment on computers and peripherals and lowering the projected growth in spending on communications equipment. Still, with actual 2004 IT spending coming in very close to our forecasts from late 2003 and early 2004, we feel confident that our 2005 forecast will hit the target as well.

TABLE OF CONTENTS

• Fourth Quarter Data Shows Softening Growth In IT Spending
• No Major Changes To Forrester's 2005 US IT Spending Forecast

RECOMMENDATIONS

• Buyers Should Prepare For More Vendor Consolidation

ALTERNATIVE VIEW

• Still More Downside Risks Than Upside Opportunities
• Supplemental Material
• Related Research Documents

This is an excerpt

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