ICT Spending to Bounce Back; Reach Pre-Recession Levels by 2013

The Great Recession of 2009 saw a decline in global ICT spending of 3 percent, with computer hardware and communications equipment sectors being hit particularly hard, according to Digital Planet 2010, a study released by the World Information Technology and Services Alliance (WITSA) on the third day of WITSA’s 17th World Congress for Information Technology. However, with return to growth in all sectors in 2010, ICT spending will reach pre-recession levels by 2013. Coming out of the recession, a built up demand will fuel a surge in ICT spending, reaching 8.7 percent globally by 2011 before flattening out at around 6 percent from 2013 onwards.

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