Forrester has released its forecast, US And Global IT Market Outlook: Q3 2010, by Andrew Bartels with Christopher Mines and Chétina Muteba. They have reduced their forecasts for the year to a still positive 8.1% IT market growth for the US (down from our 9.9% forecast in July), with 7.4% growth predicted for in 2011. Forrester used data from the US Department of Commerce and the reports of 53 vendors. US business and government purchases of Communications and IT products and services will total $758 billion dollars in 2010.
Breaking down the details shows a divers range across sectors within IT. For example, US computer equipment is set to raise by 19% in 2010, with all categories growing at double-digit rates. US software purchases should rise by 9.1%, with operating system software, middleware, and applications sharing the growth. Communications equipment raise by only by 5.5%, led by enterprise and small and medium-size business (SMB) buying.
On the other hand, IT services growth will lag a bit, with systems integration projects picking up late in 2010 as licensed software buying increases. The laggard of the group is US IT outsourcing and telecommunications services. Sales here will lag, with the former rising by only 2.8% and the latter dropping by 0.9% in 2010.
I was pleased to get a review copy of the forecast and there is a lot more detail with the report.
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