Finally, Some Optimism in the Tech Sphere

Some light breaking through the clouds of all the dire predictions for 2010. It is not unbridled, unrestrained optimism, but there is encouraging news for the future of IT. In an article by Marc Ferranti in CIO.com, the following news brings hope:

“Global IT spending will increase by 3.2 percent in 2010, attaining the 2008 spending level of about US$1.5 trillion, IDC said Thursday [December 3rd]. The research company said it based its prediction on a fairly conservative forecast -- an increase of 2.6 percent -- for global GDP growth... ‘High tech should lead us out of the Great Recession in 2010,’ said Frank Gens, chief analyst at IDC, on a conference call Thursday. The main themes for IT in 2010 will be recovery and transformation, he said. “

The article continues on a less upbeat note, with warnings not to get too comfortable, but the potential for good news is there.

eWeek’s article, Technology Hiring Expected to Increase in 2010, echoes this generally positive sentiment. In the words of Frank Scavo, president of Computer Economics:

"Based on our 20 years of tracking IT budgets, all signs point to a recovery year. IT executives are prepared to make midyear adjustments, up or down, based on the strength of the recovery, but right now it appears we see a year of stabilization in IT spending and staffing."

TechNewsWorld seconds that emotion in Pragmatism, Persistence Fuel 2010 IT Budget and Hiring Trends, which strikes the same note of cautious hope.

What is the feeling out in the field? More of the same, or light at the end of the tunnel?

Gartner Report Says IT Spending Decline in '09

One of Gartner’s latest reports says IT spending will be affected by the economy just like everyone else.

The unprecedented decline of the global economy is impacting the IT industry with worldwide IT spending forecast to total $3.2 trillion in 2009, a 3.8 per cent decline from 2008 revenue of nearly $3.4 trillion, according to Gartner, Inc.

Go to Gartner's site to read about it>>

The full report is available with payment, but the highlights will give you a nice overview.

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