Corporate spending on IT (information technology) in 2002 will not come close to matching the free-spending levels of the late 1990s, but according to a new study it will be a vast improvement over last year.
Aberdeen, an IT market analysis firm, said technology spending this year will increase by about 4 percent to 5 percent over 2001 levels. The firm surveyed 150 IT executives from 11 technology infrastructure segments.
Hugh Bishop, senior vice president for Aberdeen, told Newsbytes he expects little IT spending growth in the first two quarters of this year, with improvement during the third and fourth quarters.
View: Aberdeen Homepage
News source: Newsbytes - Tech Spending Should Increase Gradually In 2002
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