News

IDC: Manufacturing, Banking Spending Most on IT

If you're in IT in manufacturing or banking, 2004 could be a busy year for new projects -- but busy is better than the alternative, right?

According to newly published data from researchers at IDC, those are the two vertical markets in the United States that will be spending the most money on IT in 2004.

Manufacturing and banking will account for nearly one third of the $391 billion forecasted for IT spending in the United States this year, IDC analysts say. Those two vertical markets are also expected to be the largest vertical markets for IT spending over the next several years.

The strongest growth among verticals will occur in the financial services and consumer markets, IDC predicts. The analyst firm also projects continued momentum in government IT spending, fueled by federal government expenditures.

About the Author

Scott Bekker is editor in chief of Redmond Channel Partner magazine.

Featured

  • MIT Finds Only 1 in 20 AI Investments Translate into ROI

    Despite pouring billions into generative AI technologies, 95 percent of businesses have yet to see any measurable return on investment.

  • Report: Cost, Sustainability Drive DaaS Adoption Beyond Remote Work

    Gartner's 2025 Magic Quadrant for Desktop as a Service reveals that while secure remote access remains a key driver of DaaS adoption, a growing number of deployments now focus on broader efficiency goals.

  • Windows 365 Reserve, Microsoft's Cloud PC Rental Service, Hits Preview

    Microsoft has launched a limited public preview of its new "Windows 365 Reserve" service, which lets organizations rent cloud PC instances in the event their Windows devices are stolen, lost or damaged.

  • Hands-On AI Skills Now Outshine Certs in Salary Stakes

    For AI-related roles, employers are prioritizing verifiable, hands-on abilities over framed certificates -- and they're paying a premium for it.

Most   Popular