Global IT spend set to surpass $3 trillion in 07

One third of IT spending now occurs outside of North America, Western Europe and Japan, according to firm.

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By  Michele Howe Published  October 9, 2007

Global spend on IT products and services is expected to rise 8% in 2007 to exceed $3 trillion, according to market intelligence firm Gartner, with emerging markets such as the Middle East now key drivers of growth.

"On a worldwide basis, IT spending continues to grow at a rapid pace in developing countries. One third of IT spending now occurs outside of North America, Western Europe and Japan," said Peter Sondergaard, senior vice president at Gartner, in his keynote speech yesterday at the opening of Gartner's Symposium/Itxpo in Orlando, US.

IT spend in the Middle East and Africa region was approximately $31 billion in 2006, according to IDC.

IT spending covers software products, computer equipment, IT services and data communication products such as switches and routers.

Gartner predicted that worldwide IT spend will grow 5.5% in 2008 to total $3.3 trillion.

Software, services and mobility are some of the key areas in which spend is likely to increase, it predicts.

Representing 57% of total IT spend in 2006, these categories should account for 60% of spend in 2008, and 63% by 2011, the firm predicted.

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