Global IT spending to reach $1.3 trillion by 2009

IDC expects IT spending to reach $496.7 bln in the US and $1.3 trillion on a worldwide level by 2009. While the communications and media, healthcare, financial, and consumer markets are expected to be the most sought-after industries in terms of growth opportunities, government and discrete manufacturing will continue to account for the largest%age of overall IT spending within the US through 2009. Analysis of the global five-year IT spending forecast, by industry and public sectors, yields similar trends with government and discrete manufacturing being the largest IT spenders, followed by banking.