According to global analyst Gartner, spending in the IT sector will rise by 5.1 per cent in the next 12 months, as companies increase expenditure on services, equipment and recruiting new employees.
Overall, worldwide IT spending is forecast to amount to $3.6 trillion this year, up from the $3.4 trillion recorded last year.
Richard Gordon, research vice president at Gartner, said that businesses are increasingly regarding IT investment as essential for growth.
"As well as a fundamental enabler of cost reduction and cost optimisation, investment in IT is seen increasingly as an important element in business growth strategies. We are optimistic about continued healthy spending on IT," he added.
Earlier this week, James Richmond, sales director at recruiters Cititec, said that he expects there to be a boost in permanent hiring in 2011 as organisations move away from contractor workers.
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Posted by Wayne Bly
Source: The Sales Engineer News