International Data Corporation (IDC) has announced that it forecasts total US enterprise and public sector IT spending to grow at 5.6% through the end of 2011. In comparison, US GDP is forecast to grow 3.0% in 2011. The vertical markets with the highest expected growth rates are healthcare, professional services, and communications & media.
Survey respondents indicated the top IT initiatives for 2011 at large enterprises are Security (selected by 31% of respondents) and Business Analytics (selected by 19% of respondents). In addition, 17% of respondents expect to make investments in Smart Technologies.