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IDC: IT Growth Healthy Through 2009

It’s not quite as nice as the days of double-digit growt, but worldwide IT spending is showing a healthy, steady growth that will be sustained through 2009, IDC predicted Tuesday.

Worldwide IT spending will grow at a compound annual rate of 5.9 percent through the end of 2009 to reach $1.34 trillion, up from $1.06 trillion this year, said Anne Songtao Lu, program manager for IDC’s Worldwide Vertical Markets research service. "From an IT industry perspective it’s quite good," she said. "There’s no longer the double-digit growth they saw before 2000, but this growth rate, for a lot of quite mature technologies, is very healthy."

Read full article at InfoWorld