IT services companies can relax a bit with news coming from Gartner managing vice president, Joanne Correia. US sub-prime crisis has haunted software services company higher authorities with a fear of diminishing IT spending. But prediction from Gartner that worldwide IT spending should top $3.4 trillion in 2008, up 8 percent from 2007, will give them a restful night’s sleep. Much of this growth is due to the decline in the U.S. dollar.
Software spending and IT services are expected to see the biggest gain, up 10 percent and 9.4 percent respectively in 2008. "Software as a service/cloud computing, service-oriented architecture/Web 2.0, and open-source software are causing huge changes to the software market," wrote Joanne Correia in a research note. "Many of these factors are impacting market growth as enterprises replace assets with per-use services."
With internet proliferation on-demand services are on high. Even desktop bully Microsoft is trying to taste waters in web world with software as a service offerings lined up. Coming few years will be most happening and we may witness desktop losing major chunk of pie to cloud computing. But whatever may be the scenario IT spending will grow up at least
in 2008.
