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

  • Closeup of the new Copilot keyboard key

    Microsoft Updates Copilot To Add Context-Sensitive Agents to Teams, SharePoint

    Microsoft has rolled out a new public preview for collaborative "always on" agents in Microsoft 365 Copilot, bringing enhanced, context-aware tools into Teams channels, meetings, SharePoint sites, Planner workstreams and Viva Engage communities.

  • Windows 365 Cloud Apps Now Available for Public Preview

    Microsoft announced this week that Windows 365 Cloud Apps are now available for public preview. This aims to allow IT administrators to stream individual Windows applications from the cloud, removing the need to assign Cloud PCs to every user.

  • Report: Security Initiatives Can't Keep Pace with Cloud, AI Boom

    The increasingly fast adoption of hybrid, multicloud, and AI systems is easily outgrowing existing security measures, according to a recent global survey by the Cloud Security Alliance (CSA) and exposure management firm Tenable.

  • World Map Image

    Microsoft Taps Nebius in $17B AI Infrastructure Deal To Alleviate Cloud Strain

    Microsoft has signed a five-year, $17.4 billion agreement with Amsterdam-based Nebius Group to expand its AI computing capabilities through third-party GPU infrastructure.