IDC predicts better times for the IT industry in 2003
IDC chief research officer John Gantz believes "the rebound is coming" for the IT market in the immediate future.
The analyst research company expects the IT market to begin its recovery in the second half of 2002 with a return to previous growth levels in many IT market sectors by 2003.
Gantz believes the turnaround that followed the global recession in 1991 is a good indicator of what is in store for IT companies, with economic recovery translating into business profitability, which in turn will see an “increase in IT spending”.
The Organisation for Economic Co-operation and Development (OECD) says the IT industry will proactively drive the economy forward, rather than wait for businesses to come out of recession. “IT continues to play an important role in the growth and performance of advance economies, and the demand for products and services will return to an upward trend,” says the OECD’s Information Technology Outlook 2002 report.
IDC’s European IT Forum on 16 + 17 September 2002 will focus on how companies should prepare for the IT market rebound.