Global Information Economy Report WITSIA – Total information and communications technology will continue the growth path that began slowly in 2002. Global economic growth will support continuous ICT spending growth at least through 2009 as shown in Report. From the trough of $US 2.1 trillion in 2001, total ICT spending will increase to $US 3.9 trillion in 2009. Following the rapid pace of ICT growth in the late 1990s and into 2000, ICT spending fell significantly in 2001 – dropping nearly 7% from its value in 2000.
From the depressed level in 2001, the compound annual growth in spending from 2001 through 2005 was 8.8%. This includes two years of double-digit growth in 2003 and 2004. From 2005 through 2009, the compound annual growth rate is expected to be 7.3% as steadier economic growth supports steadier ICT spending growth worldwide.