itb-nz logo
Story image

Forrester forecasts end of tech downturn

13 Jan 2010

In a recent research report Forrester Research said that the technology sector will see a robust rebound and claimed that the tech downturn of 2008 and 2009 is “unofficially over”.

The report said that global IT spending, which dropped 8.9% last year, will rise 8.1% in 2010 to more than US$1.6 trillion. Areas with the most growth will be software and computer hardware, as the report forecasts that global purchases of computer equipment will be up 8.2% with software spending increasing by 9.7%.

Regionally, Europe will be the strongest performing region, where technology purchases will rise by 11.2%, while IT purchases in Asia Pacific are set to grow by 7.8%.

The report also found that US tech recovery will be much stronger than the country’s overall economic recovery as technology spending is poised to grow at more than twice the rate of gross domestic product (GDP) in 2010.