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Gartner Trims Worldwide IT Spending Growth Forecast to 3.9 Percent for 2010
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 the latest outlook by Gartner, Inc. Gartner has lowered its outlook for the IT industry from the first quarter of this year when it forecast worldwide IT spending to grow 5.3 percent, primarily due to the devaluation of the euro versus the U.S. dollar since the beginning of the year.

Worldwide computing hardware spending is forecast to reach $365 billion in 2010, up 9.1 percent from 2009 spending. In software, IT services and telecommunications, the appreciation in the value of the U.S. dollar, especially against the euro, has acted to dampen U.S.-dollar-denominated growth in 2010.

Federal Tech Spending To Reach $112 Billion
Spending in the federal information technology market will grow from $86 billion in 2010 to $112 billion in 2015, at a compound annual growth rate of 5.4 percent, according to Federal Information Technology Market, 2010-2015, a new report from INPUT. Contrary to other industry groups forecasting negative growth in the government contracting market, INPUT's research shows that while overall spending growth has decreased, the Obama administration's management priorities, coupled with empirical spending trends, strongly suggest that IT spending has some protection from significant reductions.

The report strengthens the fact that IT budgets are somewhat insulated from major cuts by outlining that initiatives for cost reduction, increased efficiency, and program oversight and performance all depend on IT. In fact, some of the administration's near-term priorities revolve around IT: leveraging shared services, automating processes to improve delivery of citizen services, cybersecurity, and investing in technology infrastructure to reduce energy costs.

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