Home > Business & Strategy > In recession, Silicon Valley influence could be overtaken by India, China

In recession, Silicon Valley influence could be overtaken by India, China

October 26, 2009 Leave a comment Go to comments

Hot on the heels of the “worst year ever” for information technology spending, research firm Gartner predicts that spending will grow just 2.3 percent in 2010.

Will tight corporate budgets prevent traditional tech power centers such as Silicon Valley from remaining in the driver’s seat?

According to Gartner research senior vice president Peter Sondergaard, who spoke at the research firm’s Symposium in Orlando, Silicon Valley will no longer be in charge of the rebound, thanks to trust issues, spending declines and increasing technology risks.

Previous rebounds were led by emerging markets, Sondergaard said. In the near future—2011, 2012 and beyond—emerging markets will increasingly shape how information technology is deployed.

Those markets? Nations such as Brazil, Russia, India and China, with the latter two positioning themselves as potential rivals to Silicon Valley.

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Categories: Business & Strategy
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