Business Daily from THE HINDU group of publications
Saturday, Oct 10, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Saturday, Oct 10, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
|
|
|
|
|
Info-Tech
-
Outlook Stage set for US tech market recovery: Forrester Our Bureau New Delhi, Oct. 9 The US tech market is expected to start recovering in the fourth quarter of 2009, while others will do so in 2010, according to a latest Forrester report. It pointed out that the second quarter of 2009 was a depressing one in the US and other markets. For 2010, Forrester continues to expect a strong recovery in the US tech market, with 7.7 per cent growth, led by IT consulting services (up 11.4 per cent), software (up 9.3 per cent), and computer equipment (up 8.3 per cent). Communications equipment will be slower to come back, but will still increase by 3.6 per cent, while IT outsourcing will rise by 4.5 per cent, it said. For this latest outlook, Forrester analysed data on IT investment and economic growth reported by the US Department of Commerce and incorporated the data in its own proprietary forecasting model for US IT spending. It also analysed the financial reports of 49 IT vendors to identify quarterly trends for different technologies in the US. “Despite the deeper-than-expected cuts in tech purchases in the first half of 2009, the stage is set for a revival of the US tech market starting in Q4 2009 and gaining strength in 2010. So, now is the time for tech vendors to step up sales and marketing, and get ready to take advantage of the rebound in tech buying,” Mr Andrew Bartels, Vice-President and Principal Analyst, Forrester Research, said. Making sense of G-20 More Stories on : Outlook
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2009, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|