IT spending to increase 9% in the next 12 months

Buyer expectations for IT spending growth over the next twelve months have taken a decidedly optimistic turn, according to IDC. After February’s sober outlook of less than 7% growth, the business and IT executives polled by IDC are now expecting IT spending increases of more than 9%. At the same time, the external market indicators, including revenue forecasts and macroeconomic trends, stayed the same as in February, suggesting much more modest IT spending growth between now and March 2006. IDC’s forecast for US IT spending for the next twelve months falls just below the market indicators at 5.6%.