U.S. information technology spending will see a modest rebound from last year's first-ever decline to record a 3.3 percent expansion, Yankee Group analysts say. A more robust 11.5 percent growth will be seen in 2003, Boston- based Yankee says in a new report, noting that the U.S. appetite for technology remains strong. A 1.1 percent contraction in spending was recorded in 2001, Yankee says.

"Status-quo technology spending will remain constant and continue to drive the majority of IT outlays in 2002," says Jon Derome, a senior analyst in Yankee's B2B commerce and applications planning service. Derome adds that spending on innovative new solutions, the IT category hardest hit by last year's declines, can be expected to begin to accelerate as recession-induced risk aversion faces late this year and through next year.

Register or login for access to this item and much more

All Information Management content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access