The Channel logo

News

By | John Oates 26th November 2009 15:28

IT buyers will keep purses shut till New Year

January sales may see growth return

IT spending will likely return to growth next year, although it will be modest - about four per cent worldwide for the whole year.

This will be partly driven by pent-up demand - purchases and upgrades which have been delayed by recession fears this year.

The survey, from Goldman Sachs, found businesses expecting to increase spending on software has doubled from 21 per cent in June to 44 per cent this month. Demand for hardware is up from 37 per cent in June to 58 per cent now.

The bank sees this as "tip of the spear" as various factors combine to push spending up.

It also expects spending on discretionary services to grow in the next six months - likely benefitting the likes of Accenture and Cognizant.

Infrastructure, application development and systems integration are top of CIOs wish lists, with virtualisation and cloud computing coming next. ®

comment icon Read 1 comment on this article alert Send corrections

Opinion

Microsoft CEO Satya Nadella
ARA_LIbertad

Chris Mellor

Elliott Management sinks its teeth into retiring godhead
Satya Nadella
cloud computing Fight

Features

Failure to crack next-gen semiconductors threatens to set back humanity
SMEs get lip service - what they need is dinner at the Club
SAP Match Insights
Vorsprung durch grossendatatechnik, as we like to say in Germany
Inside the Google Lab where surgeons prepare the human/dog experiment
Big Blue exec tells El Reg what to keep an eye on