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Gartner predicts enterprise IT spending growth

All of the world's major industries are expected to increase their spending on IT in the coming months, which may be good news for those seeking new jobs in the sector.

A study by industry analyst Gartner predicted that global enterprise IT spending will reach $2.4 trillion (£1.7 trillion) in 2010, showing a 4.1 per cent rise on the $2.3 trillion recorded in 2009.

The report also claimed that manufacturing and natural resources will be the industry which spends the most on IT during the year, rising from $428.9 billion in 2009 to $416.1 billion.

In addition, the banking and securities sector is expected to spend $396.9 billion, followed by communications media and services ($394.1 billion), government ($248.7 billion), insurance ($157.8 billion) and retail ($149.2 billion).

Kenneth Brant, research director at Gartner, commented: '2010 will see IT spending in all major industries returning to growth, although that growth will vary by individual sector.'

Research by Gartner earlier this month showed that worldwide spending on IT services declined by 5.3 per cent during 2009.
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