IT spending in the US will reach $805bn over the course of 2011, according to new figures from Forrester Research.
The analyst firm's quarterly forecast report suggests that spending in the US will climb by eight per cent on 2010, pointing towards continuing economic recovery.
Software will claim the largest share at an estimated $219bn. IT equipment sales could net $100bn from the US public and private sectors, while communications equipment could bring in $108bn, the report said.
Telecoms services are predicted to hit $197bn, while IT services could net $78bn. IT outsourcing will bring in a projected $104bn.
Forrester Research analyst Andrew Bartels told V3.co.uk that vendors could raise their forecasts on the year. Many companies have set outlooks on the low side amid caution over economic recovery, and could see stronger than expected growth in revenues as the year progresses.
The UK and much of Europe lagged behind the US in 2010 as lingering economic issues slowed IT growth and dragged down spending forecasts late in the year.
Bartels sees the trend continuing in 2011 as the overall economic numbers are expected to continue to lag. Forrester's most recent report sees the UK market growing by five per cent when adjusted for GBP, and Europe as a whole growing by four per cent.
One of the key factors for the UK could be government spending. Bartels noted that the UK IT market is more reliant on the government for its revenues, meaning that planned cuts could stall growth in the overall IT picture.
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