U.S. IT spending closing in on $1 trillion

All the recent talk about tight IT budgets not withstanding, the trillion-dollar mark for nation-wide enterprise technology investments is on the horizon. Info-Tech Research Group's Indaba Division reports that annual U.S. enterprise spending on IT operations and acquisitions will reach $1.033 trillion in 2010. This will be driven mostly by acquisition spending on storage technology and software. Total non-consumer IT spending this year is expected to increase by 5.24 percent from $840 billion to $884 billion. The study says that the rise in spending is led by large enterprises that have freed up resources from reduced operational costs, as a result of offshore outsourcing.

Learn where IT execs are putting their money:
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