Forrester Reforecasts IT Market Outlook
Software sales and systems integration projects are expected to be robust in the remainder of 2010, but the overall outlook is headed a tad downward based on overall global economic caution and meager U.S. GDP growth.Technology research analyst Forrester has revised the global information technology market outlook forecast to 8.1 percent for the remainder of 2010 from a previous forecast of 9.9 percent. The trending is downward as the U.S. economy grows "at a snail's pace," yet it is characterized as "still robust" by Forrester analyst Andrew Bartels. The forecast for 2011 is 7.4 percent. "Looking ahead to the next few quarters, I do think that computer equipment vendors have already seen the best growth for the year, with growth rates shifting down into single-digit rates in 2011," wrote Bartels on his Forrester blog. "Communications equipment vendors face choppy waters, with strength in enterprise demand for unified communications and videoconferencing, weaker demand from carriers in the U.S. and Europe (but still strong in emerging markets), and new competition as computer equipment vendors like HP get into the market."
Spending in several IT categories is expected to expand, particularly in computer equipment, which is at a healthy 19 percent clip for the year. Software purchases are expected to grow by 9.1 percent--most notably in applications ($97 billion), middleware ($53 billion), custom applications ($41 billion) and operating systems ($11 billion).