Accordiing to a recent report conducted by the NPD Group, business spending on IT solutions increased in 2010 and reached levels seen before the recession.
In 2010, technology sales in the business sector grew 12 percent to $59 billion. These sales included office products going to businesses, as well as IT hardware and software adoption and implementation. In 2009, the sector experienced a 9 percent decline. Thus, last year's rise pushed the market past the threshold previously experienced before the recession.
Sales of PC business software increased 12 percent to $4.2 billion, including a 17 percent jump during the year's fourth quarter when compared to the same time period in 2009.
"We saw strong growth throughout the first three quarters, but it slowed to about 9 percent in the fourth quarter due to the sales lift throughout the IT sector that was associated with the Q4 2009 Windows 7 launch," said Stephen Baker, vice president of industry analysts at NPD. "All this occurred in a relatively benign pricing environment which was reflected in the strong earnings posted by many tech companies over the past couple of months."
In addition, many companies began to invest in other cost-effective technologies, such as mobile devices, telecommunication systems and
business projectors, to increase their efficiency.
With newer projectors, more companies have begun hosting video conferences with clients in place of travel.
