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Gartner revises 2011 IT spending prediction upward

As promised, a bit of an update about anticipated IT spending trends through the rest of this year. Market researcher Gartner said late last week that it is predicting growth of 7.1 percent worldwide for IT spending in 2011, which is a faster pace than the 5.6 percent growth predicted by IDC late in June for U.S. IT spending.

Gartner’s forecast is actually slightly higher than it was earlier this year, despite some pretty intense mitigating factors, such as the Japan earthquake and tsunami.

The data show that global spending related to cloud infrastructure and the migration to cloud services will grow more quickly than for other technology areas. That enthusiasm is tempered: Public cloud services were about 2 percent of overall global IT spending in 2010, according to Gartner. That share will grow between now and 2015, but only to about 5 percent of the total spend annually, according to the research firm.

Noted Richard Gordon, Gartner research vice president:

“Nevertheless, the emergence and adoption of cloud is an important trend, and in some markets, it’s already a significant factor. For example, at about $10 billion, software as a service (SaaS) already accounts for 10 percent of enterprise applications software spending, and by 2015 this share is expected to increase to close to 15 percent and to exceed $20 billion in annual spending.”

If you break out certain areas of spending, Gartner believes that IT services will account for approximately $846 billion this year, which is up 6.6 percent from 2010. As reported earlier, enterprise software will be the fastest growing sector: close to 9.5 percent this year.

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Sun Chang Kim, Korea Sang Yup Lee, Korea Yin Li, China Qi Ouyang, China Brian Pfleger, USA Hiroki Ueda, Japan Daisuke Umeno, Japan Antonio Villaverde, Spain Huanming Yang, China Yi Yang, China Tetsuya Yomo, Japan Yep Joon Yoon, Korea Oliver Yu, China Huimin Zhao, USA Organizers: Guoqiang Chen, Tsinghua University, China Sang Yup Lee, Korea Advanced Institute of Science and Technology, Korea Birger Lindberg Møller, University of Copenhagen, Denmark Hiroki Ueda, RIKEN Kobe Institute, Japan
Caroline Ajo-Franklin, Lawrence Berkeley National Laboratory, USA
Hal Alper, The University of Texas at Austin, USA
Abstract title:Synthetic control of yeast transcription
Guoqiang Chen, Tsinghua University, CHINA
Byung-Kwan Cho, KAIST, KOREA
Victor de Lorenzo, Centro Nacional de Biotecnologia SPAIN
Lothar Eggeling, Forschungszentrum Jülich, Germany
Abstract title: Metabolite sensors for single-cell isolation of producing bacteria
Justin Gallivan, Emory University, USA
Ramon Gonzalez, Rice University, USA
Gyoo Yeol Jung, POSTECH, South Korea
Sun Chang Kim, Korea Advanced Institute of Sciences and Technolog, South Korea
Jin-Soo Kim, Seoul National University, KOREA
Sang Yup Lee, Korea Advanced Insitute of Science and Technology, KOREA
Yin Li, Institute of Microbiology, CAS, CHINA
Birger Lindberg Møller, University of Copenhagen, Denmark
Qi Ouyang, Peking University, CHINA
Brian Pfleger, The University of Wisconsin-Madison, USA
Hiroki Ueda, RIKEN Kobe Institute, JAPAN
Daisuke Umeno, Chiba University, JAPAN
Antonio Villaverde, Universitat Autònoma de Barcelona, SPAIN
Abstract title:Genetic Design Of Bacterial Inclusion Bodies As Emerging Drug Delivery Platforms
Huanming Yang, Beijing Genomics Institute-Shenzhen CHINA
Yi Yang, East China University of Science and Technology, CHINA
Tetsuya Yomo, Osaka University, Japan
Yeo Joon Yoon, Ewha Womans University, KOREA
Abstract title: Engineered Biosynthesis of Natural Products
Oliver Yu, Wuxi New Way Biotechnology Co. China
Abstract title: Step-wise increase of styrene biosynthesis by structure-based protein engineering
Huimin Zhao, University of Illinois at Urbana-Champaign, USA

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