Forrester: IT budgets to jump 7 percent in '05
A survey by Forrester Research of 1,300 IT executives in North America predicts growth in IT spending of at least 7 percent in 2005. Forrester noted that respondents to its surveys frequently underestimate the amount of money they end up spending, leading analysts at the firm to believe increases might be even larger than estimated. Spending among those in the public sector--including government, health care, and education--is expected to increase the most, moving from spending decreases in 2004 to increases of 7 percent in 2005. Specific areas where Forrester predicts stronger spending for 2005 include software, including new applications or upgrades of existing ones, and regulatory compliance, as for such legislation as the Sarbanes-Oxley Act.