News

Aberdeen Predicts Rise in IT Spending in 2003

Analyst firm Aberdeen Group predicts an increase in worldwide IT spending in 2003 and beyond but researchers say they don't expect to see the kind of IT spending growth of the late '90s to happen again.

"The factors contributing to excessive growth in the late 1990s are not repeatable," Aberdeen researchers said in a statement released Thursday. The company attributes that '90s growth to corporate retooling surrounding Y2K, Internet and e-commerce euphoria, excessive VC investment in Internet startups, traditional enterprises spending to keep up with dot-coms and unsustainable IT spending in the telecom sector.

For 2003, Aberdeen Group predicts a more modest 4 percent increase in worldwide IT spending in 2003, tied to economic growth and "basic business principles." Worldwide, Aberdeen anticipates $1.26 trillion in IT spending in 2003, growing to $1.44 trillion by 2006. In the United States, that 2003 growth should be about 3.6 percent, according to Aberdeen.

The research firm also predicts that software and services spending will increase at the expense of hardware spending from 2002 to 2006. Over that period, Aberdeen forecasts increases in spending for software of 27 percent, for services of 18 percent and for hardware of 8 percent.

About the Author

Scott Bekker is editor in chief of Redmond Channel Partner magazine.

Featured

  • SharePoint Framework 1.8 Now Generally Available

    Microsoft this week announced that SharePoint Framework 1.8 had reached "general availability" status, although some features are still at the preview stage.

  • How To Create Office 365 User Accounts in Bulk

    Manual account creation can be tedious, time-consuming and prone to human error, especially if you have more than a handful of Office 365 users to set up. Brien shows you a better way.

  • System Center 2019 Reaches General Availability

    System Center 2019 has now reached the "general availability" product stage, Microsoft indicated in a Thursday update.

  • SharePoint Online Users Getting News Improvements This Month

    Microsoft plans to roll out new capabilities for SharePoint Online users this month that will add greater control over how News articles appear in SharePoint sites, according to a Wednesday announcement.

comments powered by Disqus

Office 365 Watch

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.