SOURCE: The Standish Group

February 22, 2010 18:43 ET

Standish Group's New "Trends In IT Investments" Report Shows Spending Declining -- Flat Is the New Growth Number

BOSTON, MA--(Marketwire - February 22, 2010) -  The outlook for 2010 is that IT markets are declining, and our results show organizations continue to reduce their overall IT investments. This year we project that IT spending will decline by 1%. Most supplier organizations will do well to maintain their 2009 levels or have a minor increase in revenue. Flat is the new growth number.

"However, there are a few bright spots, and we have identified the top 10 areas of IT investment for 2010," said Jim Johnson, Chairman, The Standish Group, "The top 10 markets have some promise for growth this year." In this report, The Standish Group compares the top 10 market drivers to the whole IT market. Within each of the top 10 market drivers, the report looks at investments in hardware, software, skills, and services.

"Clearly the major opportunities are in the top 10 markets," stated Jim Crear, CIO of The Standish Group, "the other markets are showing fair to poorly." Especially interesting is the top ten markets. The report breaks down each of the drivers into the top 3 driver elements.

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