Bloomberg News

Technology Spending to Rise 5.6% Outpacing U.S. Growth, IDC Says

June 27, 2011

June 27 (Bloomberg) -- Spending on information technology by companies and governments in the U.S. will grow 5.6 percent in 2011, according to a survey by International Data Corp., about double the estimated increase for gross domestic product.

Of the executives surveyed by the research firm, 31 percent said spending on security initiatives was a top initiative this year, while 19 percent chose business analytics. In addition, 17 percent of companies expect to invest in smart technologies, which are designed to make electricity, heating and other infrastructure operate more efficiently.

Health care, professional services and media are projected to increase spending the most, said IDC. The Framingham, Massachusetts-based firm surveyed 5,700 executives for the study.

U.S. gross domestic product is estimated to rise 2.5 percent this year, according to a Bloomberg survey.

Electronic security threats have plagued companies and government organizations alike this year. Sony Corp., Citigroup Inc., and the Central Intelligence Agency have been subject to hacker attacks.

--Editors: Peter Elstrom, Niamh Ring

To contact the reporter on this story: Devin Banerjee in New York at dbanerjee2@bloomberg.net

To contact the editor responsible for this story: Peter Elstrom at pelstrom@bloomberg.net


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