CAMBRIDGE, MA – After a bleak 2009, recovery is imminent for the technology sector, as firms begin spending on computers and software again, says Forrester Research.
 
The research firm expects global spending on technology products and services to increase 8.1% this year, to more than $1.6 trillion. US spending is expected to rise 6.6% to $568 billion.
 
Demand for new computers and updated software is expected, with Windows 7 also giving the sector a much-needed boost.
 
Although the sector is expected to rebound, “computer equipment purchases in 2010 will still be lower than in 2008 or even 2007,” Forrester analyst Andrew Bartels says.
 
Growth will begin slowly and quicken later in the year, says Forrester.
 
Communications equipment spending is also expected to increase, partly as a result of demand in emerging markets that are building wireless and broadband networks.