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.
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