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IT spending by communications and media companies to grow at 5.6% a year

According to IDC, IT spending in communications and media industry will grow at 5.6% a year from 2005 to 2009, spending in healthcare industry - by 5.

According to IDC, IT spending in communications and media industry will grow at 5.6% a year from 2005 to 2009, spending in healthcare industry - by 5.5% a year.

Global IT spending growth, 2005-2009
IndustryCAGR
Banking4.8%
Communications and Media5.6%
Construction4.2%
Consumer/Home3.9%
Discrete Manufacturing4.0%
Education3.7%
Financial Markets4.8%
Government5.0%
Healthcare5.5%
Source: IDC