2010: The First Year of Double-Digit IT Growth In A Decade

IT spending finished strong in 2010 making it the first year with double-digit growth in more than a decade. According to a CRN article, the new report from Raymond James & Associates reveals that some of the 2010 growth was the result of a rebound from a weaker 2009 but it’s also better than 2008 results. "Forecasts for a double-digit increase in corporate operating profits and improving credit trends in 2011 bodes well for tech spending, as these are both leading indicators," wrote Brian Alexander of Raymond James.

In North America, IT shipments are estimated to rise 9.3% compared to last year and a seasonally strong 10.2% compared to the fourth quarter. PCs were among other strong product categories in the fourth quarter and a corporate PC refresh cycle might just be beginning. Many upgrades were postponed in 2010 because of more mission-critical data center projects.

Resellers serving large accounts grew at 18.8% in the fourth quarter compared to the same quarter of the previous year. Resellers focusing on SMB accounts grew 13.3%. Improving credit availability and new tax legislation allowing for accelerated depreciation on IT purchase will help improve large-account spending in 2011.

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