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Global IT Buying to Increase 5.6 Percent in 2011

Worldwide IT purchasing is forecast to total $3.6 trillion in 2011, a 5.6 percent increase from $3.4 trillion in 2010 with computer hardware posting the highest growth rate of four IT categories, according to an updated forecast from researcher Gartner.

Companies will increase their buying of computers, telecommunications equipment and software in 2011.
Purchasing of hardware by companies will increase 9.5 percent in 2011 to $409 billion, compared to $374 billion in 2010, according to Gartner. Enterprise software will have the second highest growth rate of 7.6 percent, as revenue in that category will total $255 billion in 2011.

This year Gartner reported that it was including media tablets in the hardware category. Including media tablets increased Gartner's computing hardware growth outlook from 7.5 percent to 9.5 percent for 2011.

Worldwide media tablet spending is projected to reach $29.4 billion in 2011, up from $9.6 billion in 2010. Global spending on media tablets is forecast to increase at an annual average rate of 52 percent through 2015.

Gartner estimated that IT services would grow five percent to $824 billion in 2001, while telecommunications IT would increase 4.9 percent to $2.1 trillion.

The researcher forecasts growth despite political unrest in the Middle East. The Middle East share of global IT spending is only about 2 percent. The political unrest affecting countries in the region may well impact IT spending levels, but would be insignificant.

The impact on IT markets in Japan after the recent natural disasters is not yet known. The forecast was mostly completed prior to the earthquake and tsunami in Japan, according to Gartner.