Moderate IT spending growth predicted in 2005

February 18, 2005

After showing stable improvement last year, some IT industry analysts are now predicting that the global technology market will exhibit moderate spending growth this year. Estimates suggest IT spending will grow between 4 and 8 percent in 2005. eMarketer projects that IT spending will come in at the higher end of the range, between 6 and 8 percent. The IT Spending and Trends report examines and compares the latest forecasts on IT spending from around the world.

Comparing all the available data, eMarketer believes that worldwide information and communications technology (ICT) spending during 2005 will come in at the high end of the range of estimates from leading IT industry research firms.

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