January 15, 2007 Timothy Prickett Morgan
Having made their projections for IT spending in 2007, the analysts at IDC have put a high sheen on their crystal balls and looked out further to project what the IT budgets of 2010 might look like in the aggregate. And if things pan out as IDC expects, then IT spending in 2010 should come in at just under $1.5 trillion.
To be specific, IDC is projecting that between 2006 and 2010, IT spending worldwide will grow at a compound annual growth rate of 6.3 percent, rising from $1.16 trillion in 2006 to $1.48 trillion in 2010. The forecast that