The Count - In a Downturn, but Still Spending on Technology - NYTimes.com

A timely reality check

It can be hard for a business to stay ahead if its technology is falling behind. That is one reason that despite an uncertain economy, worldwide information technology spending is on track to reach $3.4 trillion in 2008 — an 8 percent increase over 2007, according to the research firm Gartner.

Of all spending categories, software and services are set to show the healthiest growth — with projected increases of around 10 percent each. This is partly because companies are in the middle of an upgrade cycle that will continue beyond the end of the decade, Gartner explains.

The Count - In a Downturn, but Still Spending on Technology - NYTimes.com