IT spending to reach $730 bln in 2007

Global information technology services spending is expected to grow 8.7% to more than $730 bln in 2007, Gartner said. Gartner attributed the growth, in part, to increases in core outsourcing services, which it projects will account for 41% of worldwide IT services end-user spending in 2007. These include IT management, which it expects to grow year over year to $183.4 bln from $168.2 bln, and process management, which it expects will increase to $115.7 bln from $104.9 bln.