The IT recession is on track to end earlier than expectedwith forecasts of a return to growth that had originally been pencilled in for2011 being brought forward because of the improved state of the economy.
The result of an improvement in the economic situation isexpected to fuel an increase in global IT spending by 4.6% compared to 2009.
According to Gartner although the forecasts remain modestthey would reverse last years decline of 4.6% with all the major segments of the market –hardware, software, services and telco products – experiencing a return to growth.
“Last quarter we did not expect to see IT spending levelsrecover to 2008 levels until 2011, however now with the upward revision to thecurrent dollar forecast, we are projecting that global IT spending this yearwill approach the level seen in 2008,” said Richard Gordon, research vicepresident at Gartner.
Gordon said that the dollar is expected to decline comparedto 2009 levels and that has helped make the predictions seem “bullish”.
The recovery will start in emerging markets with LatinAmerica, the Middle East and Africa outstripping Europein terms of the speed of its return to growth.
The Gartner forecast follows a week after Forrester alsocalled time on the recession with its view that the bad times were “unofficiallyover”.