Research firm Gartner said global spending on technology is likely to rise 5.1 percent in 2011, higher than its previous estimate, as the dollar's recent weakness helped spending in 2010 top its forecast.
It now expects total global IT spending to touch $3.6 trillion this year, up from its earlier forecast for a 3.5 percent rise. For 2010, IT spending rose 5.4 percent to $3.4 trillion, up from Gartner's estimate of 3.2 percent.
"Aided by favourable U.S. dollar exchange rates, global IT spending growth is expected to exceed 5 percent in 2010, but a similar level of growth in 2011 -- while forecast -- is far from certain, given continued macroeconomic uncertainty," Richard Gordon, research vice president at Gartner, said in a note.
While the global economic situation is improving, the recovery is slow and hampered by a sluggish growth outlook in the key economies of the United States and western Europe, he said.
Also, there were growing concerns about the ability of key emerging economies to sustain relatively high growth rates, he added.
Spending on telecom equipment is set to rise the fastest at 9.1 percent in 2011 to $465.4 billion, with telecom services spending seen rising 3.4 percent to $1.65 trillion, Garter said.
The research firm forecast a 4.6 percent rise in IT services spending to $817.9 billion.
The computing hardware segment, where spending is forecast to grow 7.5 percent to $391.3 billion, is likely to face challenges in growth of personal computers due to a possible weak economic growth through the first half of 2011, Gartner added.
It now expects total global IT spending to touch $3.6 trillion this year, up from its earlier forecast for a 3.5 percent rise. For 2010, IT spending rose 5.4 percent to $3.4 trillion, up from Gartner's estimate of 3.2 percent.
"Aided by favourable U.S. dollar exchange rates, global IT spending growth is expected to exceed 5 percent in 2010, but a similar level of growth in 2011 -- while forecast -- is far from certain, given continued macroeconomic uncertainty," Richard Gordon, research vice president at Gartner, said in a note.
While the global economic situation is improving, the recovery is slow and hampered by a sluggish growth outlook in the key economies of the United States and western Europe, he said.
Also, there were growing concerns about the ability of key emerging economies to sustain relatively high growth rates, he added.
Spending on telecom equipment is set to rise the fastest at 9.1 percent in 2011 to $465.4 billion, with telecom services spending seen rising 3.4 percent to $1.65 trillion, Garter said.
The research firm forecast a 4.6 percent rise in IT services spending to $817.9 billion.
The computing hardware segment, where spending is forecast to grow 7.5 percent to $391.3 billion, is likely to face challenges in growth of personal computers due to a possible weak economic growth through the first half of 2011, Gartner added.
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