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| IT ind revival by 2010; APAc to fuel growth: Gartner |
| Press Trust of India / Bangalore Nov 17, 2009, 16:59 IST |
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The information technology industry is ending its worst year ever with the worldwide IT spending expected to decline 5.2 per cent in 2009, IT research and advisory firm Gartner said.
However, this industry would return to growth in 2010 with $3.3 trillion of total spending, registering a 3.3 per cent increase from 2009, Gartner said in a report.
Meanwhile, the Asia-Pacific IT spending, which is expected to grow 5 per cent to reach $515.6 billion in 2010, represents a fast V-shaped recovery for IT spending in the region, Gartner Research Global Head and Senior Vice-President Peter Sondergaard said.
"Emerging regions will resume strong growth...By 2012, the accelerated IT spending and culturally different approach to IT in Asia will directly influence product features, service structures and the overall IT industry. Silicon Valley will not be in the driver's seat anymore, he said.
While software would post the strongest growth in Asia Pacific, telecommunications would still represent the largest area of IT investment, he added.
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