IT: $1.3 trillion by 2009
to a report from IDC Corp called Worldwide IT Spending 2005-2009 Forecast
by Vertical Market: North America, Western Europe, Asia/Pacific, and Rest of
World, global IT spending will increase to $1.3 trillion by the end of
2009, with a compound annual growth rate (CAGR) of 5.9 percent from 2005 to
The sectors which are expected to grow are government, manufa-cturing,
banking, healthcare, and the communications and media industry. With consumer
spending on IT services, peripherals, and PCs experiencing double-digit growth,
the potential within this market can outpace others over the longer term.
In the communication and media industry, the sectors
spending on IT is estimated to be $95 billion in 2005 and $128 billion by 2009.
Growth within this market will be driven primarily by heavy investment in network
equipment, PCs, as well as peripherals and storage.