Global tech recession is over, Forrester Research says. We say…”whew, hope so”

The technology industry recession is unofficially over and globally the industry will see a recovery in 2010 as businesses and governments around the world renew spending on IT, tech analyst Forrester has said.

After declining 8.2pc in 2009, US IT spending will grow 6.6pc in 2010 to $568 billion. Global IT spending, which dropped 8.9pc last year, will rise 8.1pc in 2010 to more than $1.6 trillion.

Software and computer hardware will see the greatest growth, as Forrester forecasts a new multi-year cycle of technology investment growth and innovation defined by smart computing. More