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Worldwide IT Leasing and Financing Market to Exceed $100 Billion by 2010: IDC

Worldwide IT leasing and financing market, encompassing leasing or financing IT equipment, software, and IT-related services, exceeded $70 billion worldwide in 2006, and will pass the $100 billion mark by 2010, growing at a compound annual growth rate (CAGR) of more than 8%, according to IDC. 

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IDC: Tech Marketing and Sales Expenses to Increase 8% and 9% in 2007

In its forthcoming report on IT vendor Marketing and Sales expenses and key performance indicators (KPIs), IDC's Executive Advisory Group forecasts an 8% increase for the average marketing budget and a 9% increase for the average sales budget in 2007. These budget increases are the largest that IDC has forecast in the five years it has been tracking these trends. 

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Health of US Tech Sector at Highest Level in Five Years on Global Demand

The Forrester/ITAA Tech Sector Index — which measures the health of the US technology industry — reached its highest level in five and a half years in Q4 2006, rising two points to 128.8, according to Forrester Research, Inc. and the Information Technology Association of America (ITAA). 

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IDC: IT Spending in European Vertical Markets to Surpass $400 billion by 2010

Total IT spending by companies across Western European vertical markets will grow at a compound annual growth rate of 4.3% between 2006 and 2010, reaching a value of just over $406.5 billion in 2010, according to IDC study. 

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Information is Power; And Too Much Information Overwhelms workers

A well-worn adage asserts that information is power. But too much information in today's economy can create the kind of power that overwhelms workers, writes Investor's Business Daily in an article4 on "Overwhelming IT Overload Problems". Here are some highlights and metrics on information overload:

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Top 10 Business and Technology Priorities in 2007: Gartner Survey

There is a clear difference between the business executive's expectations of IT and what CIOs say is important in the near term and where they are focusing their attention, according to a worldwide survey of more than 1,400 CIOs by Gartner Executive Programs (EXP). 

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US Corporate R&D Spending to Reach $219 billion This Year

Total R&D spending in the U.S. will increase 2.85% to $338 billion in 2007. U.S. companies are expected to spend $219 billion on R&D, a 3.4% increase over the $212 billion last year, according to a report from Battelle Memorial Institute, published by R&D Magazine. 

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Unnecessary Software Requirements Cost $86 billion; Geek Gap Costs $100 billion

Setting false deadlines has became as chronic as breaking them, reports WSJ. .In 2006, the North American software industry spent $86 billion on software requirements that were never used, according to Standish Group, a research advisory firm specializing in project measurement.

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80% of Companies Achieve Expected Goals in Offshore Software Development: Study

Some 80% of companies are achieving their expected goals with half reaching 100% of their savings goals in offshore software development, according to a latest survey by The Software & Information Industry Association, on the trends and current state of global software development. 

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Global IT Spending to Reach $1.48 Trillion by 2010:

Services  : $587B
Hardware: $562B
Software : $327B
Worldwide spending on information technology by end users hit $1.16 trillion in 2006, and will increase at a compound annual growth rate (CAGR) of 6.3% to reach $1.48 trillion in 2010, according to new IDC forecasts on worldwide vertical market IT spending. 

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