Government IT spending to reach $70 bln by 2010

Input predicts that state and local governments will increase their IT spending from $48 bln in fiscal 2005 to about $70 bln by fiscal 2010. IT spending in professional services will lead the market with a 14.2% compounded annual growth rate through 2010; telecommunications will see an 11.4% growth rate; and software is projected to receive an 8% growth rate.