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Global IT spending to reach $1.3 trillion by 2009

Worldwide IT spending will increase to $1.3 trillion by the end of 2009, with a compound annual growth rate (CAGR) of 5.

Worldwide IT spending will increase to $1.3 trillion by the end of 2009, with a compound annual growth rate (CAGR) of 5.9% from 2005-2009, according to IDC. Government, manufacturing, and banking will be the industries that provide the most attractive opportunities for IT vendors worldwide. Similarly, healthcare, as well as the communications and media industry, are expected to offer the highest growth potential.