Information technology heading for 10 year boom.

My predictions based on an in-depth analysis carried out over the past year.
Arthur O'Hara. Thu, 18 Apr 2002 10:50:03

Information Technology (IT) spending will increase by the € BILLIONS by 2005, creating many additional thousands of IT jobs throughout the world.

Spending on IT services will jump accordingly in 2005, and spending on IT software will also increase.

The amount spent on hardware will not increase in the same proportions.  As a result, total spending will show at least a 12 per cent growth in outlay between 2003 to 2005.

Increased spending will drive higher employment in the IT sector.  The number of IT professionals will increase by at least 10%.

On the supplier side, hardware will account for additional workers, as will software and services.

The industry is on the edge of incredible long-term growth for at least a decade.  It will be more important than the growth in the last decade.

Application integration, mobile, wireless and security will be the main drivers. Web services will become as important as client-server was in the 1980s, and it is now obvious that IT managers are getting a lot more comfortable about spending again.

The number of IT companies will also increase, again with the biggest rises in software and services.

By 2005 there will be large numbers of additional services companies, software houses and hardware companies compared to the last three years.

While economic turmoil can slow things down, the fact is that IT is a source of huge job growth potential.

This is not just about Microsoft, Adobe, Hewlett Packard or IBM and other big companies because most of the job growth will come in smaller companies providing IT services in every corner of the globe.

The prospects for the Information Technology sector are indeed very secure and promising.

Mark my word!

 
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