A study carried out by IT industry analyst IDC predicted that there will be a three per cent rise in technology spending, as companies cope with the after-effects of the recession.
The report claimed that spending will reach $1.48 trillion (£0.93 trillion) in the coming year, which is slightly below the $1.5 trillion reported in 2008.
Stephen Minton, vice president of worldwide IT markets and strategies at IDC, commented: 'Despite pent-up demand for upgrades and new applications following the deep spending cuts of the past year, economic uncertainty will combine with capital and credit constraints to inhibit spending in mature economies.'
The study also predicted that hardware spending will rise by five per cent this year, while software spending will increase by two per cent and IT services will grow by three per cent.
Last month, Gartner suggested that 20 per cent of firms will not own any IT assets by 2012, as they move towards using cloud-enabled services and virtualisation.
The report claimed that spending will reach $1.48 trillion (£0.93 trillion) in the coming year, which is slightly below the $1.5 trillion reported in 2008.
Stephen Minton, vice president of worldwide IT markets and strategies at IDC, commented: 'Despite pent-up demand for upgrades and new applications following the deep spending cuts of the past year, economic uncertainty will combine with capital and credit constraints to inhibit spending in mature economies.'
The study also predicted that hardware spending will rise by five per cent this year, while software spending will increase by two per cent and IT services will grow by three per cent.
Last month, Gartner suggested that 20 per cent of firms will not own any IT assets by 2012, as they move towards using cloud-enabled services and virtualisation.
