Gartner Sees Education Spending Surge

Thursday, May 20, 2010

Technology spending in education is seeing a surge in 2010.  According to information released by IT research firm Gartner, worldwide enterprise IT spending in education will grow 4.1%, or about $2.53 billion, over 2009.  According to the report, “Forecast Alert: Enterprise IT Spending by Vertical Industry Market, Worldwide, 2008-2014, 1Q10 Update,” worldwide enterprise IT spending across all vertical segments is forecast to increase by $96.7 billion to nearly $2.43 trillion in 2010.  The overall average growth rate will be 4.1%, the same as the forecast growth rate for education.  That follows a decline of 5.6% in overall worldwide IT spending from 2008 to 2009.

Government, retail, banking/securities, and communications media/services are leading the way in terms of IT spending growth in 2010.  IT spending in government (national and international) is forecast to grow 6.2% in 2010 to $248.73 billion, by far the greatest growth of any sector in the last year.  IT spending in retail will grow 4.7% to $149.22 billion.  And IT spending in banking and securities will grow 4.6% to $396.87 billion.  Education itself is the smallest of the vertical segments tracked by Gartner.  In 2009, total IT spending in education was $61.46 billion.  By the end of this year, will make up 2.64% of the overall vertical enterprise IT market worldwide, or $63.99 billion, consistent with its share of the overall picture in 2009.  Gartner cautioned that growth could be curtailed by a potential “double dip” in the recession, “based on uncertainties in the economic environment.”

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