TITLE

IT Spending Growth Seen Slowing Down

PUB. DATE
December 2005
SOURCE
Business Communications Review;Dec2005, Vol. 35 Issue 12, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that growth in spending on IT in the U.S. is likely to decline in 2007. According to Forrester Research Inc. the growth will bounce back and approach double-digit annual rates by the end of this decade. According to Andrew Bartels, Forrester VP most businesses are only investing in technologies with tangible ROl, which means they will respond quickly if corporate revenues and earnings start to slow in an economic slowdown. The increased spending on IT in the decade end will be driven by a new generation of technologies such as voice over IP and server virtualization. Forrester has forecasted a 9 percent compound annual growth rate (CAGR) for computer equipment, 6 percent CAGR for software and 6 percent CAGR for outsourcing in 2007-2009.
ACCESSION #
19414255

 

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