Worldwide IT spending reached $915 billion in 2004 and is projected to increase at approximately 6% from 2004 to 2008 to reach $1.2 trillion. US IT spending is expected to reach near $416 billion in 2005, and increasing past a half trillion by 2008.

These results indicate a positive outlook for the U.S. and worldwide IT market, particularly after 2005. With an improving business environment and recent GDP gains, companies are beginning to allocate more funding toward information technology investments.