Worldwide IT spending to hit $3 trillion

Possible recession? Not when it comes to IT spending this year, at least according to Gartner. The consultancy is predicting that worldwide spending will surpass $3 trillion in 2007, an 8 percent jump over last year, thanks is part to growth in developing countries. One-third of spending occurs outside of North America, Western Europe and Japan. IT spending is projected to reach $3.1 trillion this year and $3.3 trillion in 2008. Still, Peter Sondergaard, senior vice president and global head of research at Gartner, said that a possible recession next year could have an impact. He recommended creating two IT budgets for 2008. "The first should reflect the same kind of marginal growth prepared during the past six years," Gartner said in a press release. "The second budget should assume the need to cut costs in response to the arrival of a possible recession." 

For all the details:
- see the article in CIO