Forrester Says Tech Downturn ‘Unofficially Over’

Ah, the light at the end of the tunnel. After two years of slackened IT spending, enterprises are opening their wallets again, according to Forrester Research, which has declared the tech downturn “unofficially over.”

The market analysis firm if forecasting a healthy uptick in IT spending in 2010, as enterprises pursue strategic investments in SaaS and SOA projects.

Hardware Central takes a look at Forrester’s report, which offers good news for manufacturers of PCs, servers and storage equipment.

Thanks to a boost from a substantial corporate upgrade cycle and the improved demand for strategic software investments in Software-as-a-Service (SaaS) and service-oriented architecture (SOA) projects, the U.S. technology market is poised for robust rebound in 2010, according to Forrester Research’s latest report.

After years of delaying or truncating investment in new equipment and software, enterprise customers are finally opening up their wallets for IT purchases that improve overall organizational efficiency and help companies differentiate themselves from their competitors, researchers said.

“The tech downturn of 2008 to 2009 is unofficially over,” Andrew Bartels, a Forrester vice president and principal analyst, said in the report. “With growing evidence that an economic recovery started in the US and other countries in Q3 2009, the pieces are in place for a 2010 tech spending rebound.”

Read the full story at Hardware Central:

U.S. Tech Market Shows Signs of Life

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