IDC: Telecom, IT to rebound in 2010

If you're looking out for when the telecom and related IT industry is going to come back, look no further than 2010, says IDC. The research firm argues that a number of 'transformational changes' will drive new growth in the telecom industry. IDC says there are three primary elements in this transformation: cloud-based computing and telephony, continued adoption of smart phones and bandwidth hungry desktop and mobile devices.

IDC predicts that telecom spending will grow 3 percent in 2010, a factor it attributes to new wireless deployments in developing countries and the ongoing migration to IP-based services. Similarly, worldwide IT spending will increase 3.2 percent over 2009, reaching 2008 spending levels of approximately $1.5 trillion.  

For more:
- Xchange has this article

Suggested Articles

Cisco announced Thursday afternoon that it was buying network-monitoring company ThousandEyes.

AT&T Business announced on Thursday that it's offering a new broadband service for residence locations that features symmetrical speeds of 1-Gig.

It's a long way, literally and figuratively, from Leadville, Colorado to London, but Colt's new CEO, Keri Gilder, has made the transition with aplomb.