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This is an archive article published on April 9, 2010

IT recovery on globally: Forrester

A survey has come like a shot in the arm of the IT industry.

In what would sound like music to the ears of the Indian tech corporates it was revealed that the global infotech industry is not going to shrink.

A new study says the technology industry has started to recover from the economic downturn and will see worldwide growth this year.

Forrester Research said Thursday that the fourth quarter marks a turning point worldwide,setting the stage for growth in 2010.

Forrester expects the U.S. information technology market to grow by 8.4 percent this year to 550 billion. The worldwide tech market,meanwhile,will grow by 7.7 percent to 1.6 trillion.

Analyst Andrew Bartels says the shape of this year8217;s recovery is generally the same as Forrester8217;s January forecast. The U.S. outlook is slightly better,and the global forecast is a little lower,hurt by the Greek financial crisis that weakened the euro and strengthened the dollar.

 

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