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IDC: Manufacturing, Banking Spending Most on IT

If you're in IT in manufacturing or banking, 2004 could be a busy year for new projects -- but busy is better than the alternative, right?

According to newly published data from researchers at IDC, those are the two vertical markets in the United States that will be spending the most money on IT in 2004.

Manufacturing and banking will account for nearly one third of the $391 billion forecasted for IT spending in the United States this year, IDC analysts say. Those two vertical markets are also expected to be the largest vertical markets for IT spending over the next several years.

The strongest growth among verticals will occur in the financial services and consumer markets, IDC predicts. The analyst firm also projects continued momentum in government IT spending, fueled by federal government expenditures.

About the Author

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

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