IT recovery slow but steady

Large companies in the U.S. expect IT spending to rise by an average of 2.3 per cent this year, according to an August report conducted by Cambridge, Mass.-based Forrester Research Inc.

Of those companies, which are mostly in the consumer services and retail industries, 68 per cent said they plan to spend the same or more on IT this year. Only 12 per cent of companies said they expect to cut their IT budgets in the second half of the year.

Forrester predicts 5.6 per cent growth for the IT sector in 2003, ending the year slightly below its 2001 level.

Would you recommend this article?


Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.

Jim Love, Chief Content Officer, IT World Canada

Featured Download

Featured Articles

Cybersecurity in 2024: Priorities and challenges for Canadian organizations 

By Derek Manky As predictions for 2024 point to the continued expansion...

Survey shows generative AI is a top priority for Canadian corporate leaders.

Leaders are devoting significant budget to generative AI for 2024 Canadian corporate...

Related Tech News

Tech Jobs

Our experienced team of journalists and bloggers bring you engaging in-depth interviews, videos and content targeted to IT professionals and line-of-business executives.

Tech Companies Hiring Right Now