Thursday, January 6, 2011

Gartner Says Worldwide IT Spending to Grow 5.1 Percent in 2011

The telecom equipment market is poised for strong growth in 2011, with worldwide telecom equipment spending forecast to grow 9.1 percent, according to Gartner. Strong sales of mobile devices are largely responsible.

In absolute terms the most significant change occurred in the mobile services forecast. A combination of updated connection data, increased average revenue per unit in certain countries and stronger local currencies resulted in an upward revision of our mobile service forecast across 2010 through 2014. The CAGR for global mobile services revenue from 2009 through 2014 has been increased to 7 percent, up from 5.3 percent.

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