The IT spend pot is getting bigger
28.01.2002 - Computer Weekly

The IT spend pot is getting bigger say Computer Weekly and Kew Associates in a preview of their Spring report Forecasting and Quantifying IT spend. Results from 3,000 respondents in 21 spend categories, 5 sizes of company and 66 industry sectors indicate for the third year running a growth in overall IT expenditure.

In brief, the computer services sector is forecast to be the biggest earner this year accruing more than GBP16.4bn. Outsourcing alone has witnessed a 25% growth year on year from 1999 to 2001. Software expenditure is forecast to be only half of the services spend at GBP8.5bn.

Overall, the report shows IT budgets growing 5-10% year on year, to a forecasted GBP65b in 2002. Not bad, but imagine how much further growth we might see with leasing becoming industry standard...