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Virtualization Expo - IT Spending Will Be Up 8% This Year!
Gartner figures software should be up 10% and service up 9.4% in 2008

Gartner now says worldwide IT spending should be up 8% this year to $3.4 trillion. But if you factor out the vagaries in the US dollar the number is closer to 4.5%.

Gartner figures software should be up 10% and service up 9.4%.

It reckons that “Software-as-a-service/cloud computing, Service Oriented Architecture/Web 2.0 and open source software are causing huge changes to the software market. Many of these factors are impacting market growth as enterprises replace assets with per-use services.”

Other factors include emerging markets and replacement of obsolete systems.

Hardware spending is supposed to be up 7%, complements of laptops and European and Asia-Pac sales.

Services and telecom products are supposed to account for $2.8 billion in spending this year and $3 billion next year.

About Maureen O'Gara
Maureen O'Gara is the Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025.

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Bruce Arnold wrote: Kudos to the Cloud Crowd for Re-Inventing the Wheel! One thing 30 years in the IT industry has taught me is that the more things change, the more they stay the same. Another is that the only memory we seem to access is short-term. A third is that techno-marketeers rely on that, so they can put labels like "revolutionary" and "innovative" on platforms, products and services that are mere re-inventions of the wheel ... and often poor copies at that. A good example is all the latest buzz about "Cloud Computing" in general and "SaaS" (software as a service) in particular: http://tinyurl.com/6let8x Both terms are bogus. The only true cloud computing takes place in aircraft. What they're actually referring to by "the cloud" is a large-scale and often remotely and/or centrally managed hardware platform. We have had those since the dawn of automated IT. IBM calls them...
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