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Software spending to grow in 2010

Are you planning to invest in new software for your business this year? Your competitors probably are!

After a slowdown in the financial turmoil of 2009, spending on software and other technology is expected to rebound strongly in 2010 according to a recent report by Forrester Research.  Global IT spending dropped 8.9% last year, but is predicted to bounce up in 2010 by about the same amount. Software is among the sectors leading the charge, with spending predicted to increase by 9.7%.

We wrote last year that the upside of a downturn is that it can prompt companies to re-examine processes and improve operations. The statistics show that many companies do the opposite and bunker down. Now many firms are again starting to open up their wallets and invest in software, hardware and other technology.

So, if you haven’t already, now is a good time to think about how new software can help drive your business in 2010…