May 20, 2010 — According to a new report from Gartner, Inc., worldwide enterprise IT spending across all industry markets is forecast to surpass $2.4 trillion in 2010, a 4.1 percent increase from 2009 spending. In 2009, IT spending by vertical market totaled $2.3 trillion, a 5.6 percent decline from 2008. Banking and securities, and communications, media and services will experience the greatest growth through 2014. Manufacturing and natural resources, and wholesale trade will experience the weakest growth through 2014.

“Year 2010 is panning out as a recovery for IT markets, but most buyers are playing "wait and see" in terms of IT spending until further signs of economic stabilization and sustainable recovery appear,” says Kenneth Brant, research director at Gartner.

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