Thursday, December 08, 2005

IT spending rises

Computerworld reports: (Emphasis added.)

IT spending will increase at a compound annual growth rate of 4.5% 2004-2009, totaling $1,768 billion worldwide in 2006.

Gartner vice president and research director, Dion Wiggins, said that by 2010 open source software will account for 20 percent of the global software market, displacing more than $US100 billion in revenues from traditional software vendors. By 2015 enterprises will have to deal with 30 times more data than in 2005.

Read the short Computerworld article on site linked here.

Hat tip to Joe of the Pinehurst Thread for the link.

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