Forecast Report

US And Global IT Market Outlook: Q1 2010

The Tech Market Recovery Has Begun

April 8th, 2010
With contributors:
Christopher Mines , Chétina Muteba

Summary

The tech recovery has started in the US and around the world. Q4 2009 IT market indicators showed an end to declines, setting the stage for stronger growth in 2010. The US IT market is set to grow by 8.4%; the global IT market in US dollars will grow by 7.7%. Computer equipment and software will be the strongest product 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 will lag a bit, with systems integration project work waiting for licensed software purchases to rise. On an industry basis, US manufacturers, financial services firms, utilities, and healthcare will see the strongest growth in 2010. On a global basis, the US and Asia Pacific will be standout regions in local currency terms, while the stronger euro and European country debt concerns will keep Western and Central Europe expanding at the slowest rate among the regions.

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