Upturn in IT Business, Forrester Predicts

The analyst firm Forrester Research forecasts growing budgets and overall upturn in the IT business staring from the next quarter.

Andrew Bartels, analyst at Forrester and author of the report, inspires the industry vendors with optimism and gives an encouraging outlook for the approaching quarter. The report "US and Global IT Outlook: Q3 2009" speculates that the bottom of the IT tech market happened in the first and second quarters of this year. Analysis of that market is based on the sales of computers and peripheral equipment, communications equipment, software, IT consulting services, and IT outsourcing services.

The report further provides detailed branch statistics. Summarized, it reads as follows:

· the use of IT consulting services will increase by 11.7 percent in 2010;
· software purchases will be up by 9.3 percent;
· computer equipment sales will increase by 8.3 percent and communications equipment sales will show a bump at 3.6 percent;
· outsourcing will rise by 4.5 percent in 2010.

Bartels predicts that enterprise businesses will be the first to reinvest in IT and lead the revival of the tech boom.

Source: Redmond Developer News