For CIO Professionals

US And Global IT Market Outlook: Q2 2010

Despite Financial Market Jitters, 8% 2010 Global ICT Market Growth Is On Track

    Why Read This Report

    Financial markets in Q2 2010 have been shaken by fears that the Greek debt crisis will metastasize across the European Union (EU) and beyond. Nevertheless, Q1 demand data was strong; we continue to expect that the tech recovery will gain strength in the US and around the world, though European IT market growth will be lower than our earlier predictions. We forecast that the US IT market will grow by 9.9% in 2010, and the global IT market by 7.8%. Computer equipment and software will be the strongest categories, with PCs, peripherals, and storage equipment leading the computer category, and operating system software and applications setting the pace for software. Communications equipment purchases are looking up, especially for enterprise and small and medium-size business (SMB) buying. IT services growth will lag, with systems integration projects waiting for licensed software purchases to rise. The US; Eastern Europe, the Middle East, and Africa; and Asia Pacific will be standout regions in local currency terms, while European sovereign debt concerns will keep Western and Central Europe expansion to the slowest dollar-denominated growth rate.
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    • US Tech Purchases Will Hit $753 Billion In 2010, With Global At $2,464 Billion
    • The US IT Market Will Grow By Almost 10% In 2010 And 8% in 2011
    • Global IT Purchases In US Dollars Will Grow By 7.8 % in 2010
    • Canada, Latin America Are Leading Regions For 2010 And 2011 Dollar Growth

      US And Asia Pacific Markets Will Offer The Best Growth For Vendors In 2010

      Small Risk Of A New Financial Crisis And Double-Dip Recession
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