The IT recession is on track to end earlier than expected with forecasts of a return to growth that had originally been pencilled in for 2011 being brought forward because of the improved state of the economy.
The result of an improvement in the economic situation is expected to fuel an increase in global IT spending by 4.6% compared to 2009.
According to Gartner although the forecasts remain modest they 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 levels recover to 2008 levels until 2011, however now with the upward revision to the current dollar forecast, we are projecting that global IT spending this year will approach the level seen in 2008,” said Richard Gordon, research vice president at Gartner.
Gordon said that the dollar is expected to decline compared to 2009 levels and that has helped make the predictions seem “bullish”.
The recovery will start in emerging markets with Latin America, the Middle East and Africa outstripping Europe in terms of the speed of its return to growth.
The Gartner forecast follows a week after Forrester also called time on the recession with its view that the bad times were “unofficially over”.