August 12, 2010 — Worldwide enterprise IT spending across all industry markets will grow 2.9 percent in 2010 and surpass $2.4 trillion, according to a Gartner, Inc. announcement this week. Analysts said that all industries are continuing to return to growth after a challenging year in 2009, when IT spending by vertical market totaled $2.3 trillion, a 5.9 percent decline from 2008.

Utilities and the national and international government sectors will experience the strongest growth rates in 2010, with IT spending growing 4.7 and 4 percent respectively in 2010. Communications media and services is expected to grow 3.6 percent in 2010, and health care is expected to grow 3.2 percent. Other industries experiencing the highest growth rates are banking and securities, retail, and manufacturing and natural resources.

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