People are spending more on IT globally, which will surely lead to its growth this year. It may wipe out the global economic depression the world has been facing.

An increase of about 1% to 5% can be seen in IT budgets by some CIOs, but rest of them will not witness any kind of boom. It is just an increase and can't be viewed as recovery.

Rhonda Ascierto, senior analyst at Ovum said, "Realistically, the numbers more likely to reflect the effect of previously deep budget cuts during 2008 and the first half of 2009, which left many IT departments operating at 'bare-bones' capacity".

A lot of enterprises and companies remain susceptible and are not very sure about the near-term business predictions, as the number of CIOs who thought that the budget will remain the same has rose to 42%.

CIOs are still not looking at IT as an engine for growth and according to them 2010 will be the year of calculations and not recovery.