IT investments bounced back in 2010 from 2009 recession. All the three firms expect the Global IT spend to grow by 6%-7% in 2011. Recovery slow, Macroeconomic risks still exist. IT investment by Organizations and Countries are set to increase. Software & Services spend set to increase. Gartner & Forrester predict PC segment will be affected by increasing smartphones and tablets.
Global IT spending to reach $3.6 trillion in 2011, a 5.1 percent increase from 2010. Enterprise software sales growth for 2011 at 7.5 percent, rising to $253.7 billion dollars. Hardware sales will reach $391.3 billion in 2011, or a 7.5 percent growth.
IT market will grow by 7% this year to $1.65 trillion. Hardware spending will increase by10%, while software and services markets will increase by 5% and 4% respectively. US will expand by 5% in 2011, Asia/Pacific region, excluding Japan by 10% in 2011. Central & Eastern Europe, Latin America, and the Middle East & Africa also expected to see double digit growth.
Global IT spending will grow 7.1 percent to $1.7 trillion in 2011. Software and services are expected to account for 44 percent of the global IT market. Forrester analysts believe that over the past 60 years, the tech market has gone through eight-year cycles.
IT client budgets' to rise 2% to 4% in 2011.
IT outsourcing across verticals would be robust in the new fiscal owing to discretionary spending and higher budgets.
Repeat business of 95-97 percent and pricing looking up and Multi year deals and new projects are on.
Demand for outsourcing in US increasing.
Not commissioning long-term projects—most of the IT spend is on short-term projects.
Clients’ IT budgets for 2011 are either flat or marginally up.
Due to the organizational shake up in January Wipro is still not finalized its view on budgets. But it is in agreement with TCS predictions.