IT spending by communications and media companies to grow at 5.6% a year

According to IDC, IT spending in communications and media industry will grow at 5.6% a year from 2005 to 2009, spending in healthcare industry – by 5.5% a year.

Global IT spending growth, 2005-2009
Industry CAGR
Banking 4.8%
Communications and Media 5.6%
Construction 4.2%
Consumer/Home 3.9%
Discrete Manufacturing 4.0%
Education 3.7%
Financial Markets 4.8%
Government 5.0%
Healthcare 5.5%
Source: IDC