Tech Sector Will Grow Over 6% This Year: Analyst

The U.S. and global technology market will continue to grow in 2010, said Andrew Bartels, vice president and principal analyst at Forrester Research. He shared his outlook for the space.

2010 IT Spending Outlook
2010 IT Spending Outlook   

“It’s going to be better than last year,” Bartels told CNBC.

“We’re looking at 6.6 percent in the U.S. and 8 percent globally…This is going to be a fairly broad-based recovery and some of the sectors are going to do better than others.”

Bartels said some of the categories that got beaten down in 2009, such as PCs, license software and major software vendors, are going to come back strongly. The PC market is also going to lead the way in 2010, he added.

“A lot of companies were waiting for a replacement to [Microsoft's] Vista and it’s finally here with Windows 7,” he said.

“A lot of companies have been holding back on PCs for 3 to 4 years. So the PC market is going to take a bit of a lead going into the year and if we go out of the year, it will be other sectors that will pick up—for example, IT services will start to come back.”

  • Watch Bartels' Previous Appearance on CNBC (Apr. 21, 2009)

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Top Computer Tech Firms:

Microsoft

IBM

Oracle

Hewlett Packard

Symantec

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Disclosures:

No immediate information was available for Bartels or his firm.

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