Gartner Trims Worldwide IT Spending Growth Forecast to 3.9 Percent

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According to a Gartner study the worldwide IT spending is forecast to total $3.350 trillion in 2010, an increase of 3.9 percent from 2009 spending of $3.225 trillion.

According to a Gartner study the worldwide IT spending is forecast to total $3.350 trillion in 2010, an increase of 3.9 percent from 2009 spending of $3.225 trillion. Gartner has lowered its outlook for the IT industry due to the devaluation of the euro versus the U.S. dollar since the beginning of the year.

\"The European sovereign debt crisis is having an impact on the outlook for IT spending. The U.S. dollar has strengthened against the euro during the second quarter of 2010, and this trend will likely continue in the second half of 2010, which will put downward pressure on U.S.-dollar-denominated IT spending growth, said Richard Gordon, research vice president at Gartner.

\"Longer-term, public-sector spending will be curtailed in Europe as governments struggle to bring budget deficits under control during the next five years and to reduce debt during the next 10 years. Private-sector economic activity will also likely be hindered because of the direct

impact of austerity measures on key government suppliers and the indirect impact caused by the \'ripple effect.\' An effective policy response will be critical to stimulate investment in general and in IT in particular, he added.

Up 9.1 percent from 2009 spending , the worldwide computing hardware spending is forecast to reach $365 billion in 2010.

\"The computing hardware sector continues to benefit from a healthy PC sector, which accounts for two-thirds of total spending in this area, and we expect PC shipments to remain robust throughout 2010 and 2011,\" Gordon said.

\"Consumer shipments will continue to be powered by strong mobile PC uptake, while professional shipments will be buoyed by a new replacement cycle and migration to Windows 7, he noted.

According to Gartner appreciation in the value of the U.S. dollar, especially against the euro, has acted to dampen U.S.-dollar-denominated growth in 2010 in software, IT servi