Spending for Info Tech Rose

February 16, 2011

Short honk: Good news, if accurate. TechEYE.net reports that “IT Spending Reached $1.5 Trillion in 2010.” Now that’s quite a number!

The article elaborates:

“This represented the fastest rate of growth since 2007 indicating good recovery from the financial downturn, with the increase being driven by pent up demand for hardware upgrades and infrastructure investment following the financial crisis.”

So, many companies have finally made the replacements and upgrades they put off during the financial crises; hardware sales outpaced those of software and services.

Growth is expected to continue through 2011, driven in part by investments in new technology such as cloud computing. Though the global economy is still volatile, analysts believe it is now stable enough for IT to thrive. And, of course, sales to emerging markets is ever an expanding field.

Cynthia Murrell February 16, 2011

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Comments

One Response to “Spending for Info Tech Rose”

  1. windows8forums on February 16th, 2011 12:26 am

    There are many rumors about the release date of Windows 8, some people said it will be released in 2011, is it possible? And Windows 8 will come up with many advanced technologies such as the cloud backup and App store,

    Here the only I can say is that time will tell.

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