Government Will be Fastest Growing IT Sector in 2010

Gartner's latest report suggests that national and international government's global IT spending will soar this year.

Gartner's study analysed IT spending and have concluded that government IT spending will increase by 4 per cent, compared to 2.9 per cent across all other industry markets.

Although Gartner said growth will be slower than its previous forecast of 4.1 per cent, they have predicted that worldwide enterprise IT investment will reach $2.4tn in 2010.

Gartner research director Kenneth Brant said, "We are advising our technology provider clients to prepare business plans for 2011 on the basis of our most-likely scenario for enterprise IT spending growth - 3.5 per cent. However, they should act now to develop contingencies to mitigate the risk of zero growth in 2011, a scenario that carries a lower probability but a much higher potential impact."

"The bottom line is that technology providers need to be prepared for the worst case, where commercial IT markets stagnate and governments transition to fiscal austerity programmes," he concluded.

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