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IT spending 'to grow by 5.3%'

Global spending on IT is predicted to increase by more than five per cent in the coming year, which may be good news for those looking for new IT jobs.

Technology analyst Gartner claimed that IT spending will jump by 5.3 per cent during 2010, rising from the $3.2 trillion (£2 trillion) reported in 2009 to $3.4 trillion.

The study predicted that spending on the IT services and computing hardware will increase by 5.7 per cent, while software and telecoms spending will see it rise by 5.1 per cent over the course of the eyar.

Richard Gordon, research vice president at Gartner, commented: 'Following strong fourth quarter sales, an unseasonably robust hardware supply chain in the first quarter of 2010, combined with continued improvement in the global economy, sets up 2010 for solid IT spending growth.'

The report also claimed that IT spending in 2011 will grow by 4.2 per cent on 2010 levels to reach more than $3.5 trillion.

Last month, IT industry analyst IDC claimed that small firms will increase their IT budgets by 5.5 per cent in the years from 2010 to 2014.
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