Emerging software tools help boost IT spending projections

Overall U.S. tech spending is forecast to grow by 7.1 percent this year and then by 7.4 percent in 2012, according to Forrester Research.

The strongest growth area will be software management tools, and much of that growth will come from cloud-based products.

Overall financial management, human resources management, e-purchasing, CRM, and business intelligence software will collectively grow by 11.4 percent through 2011, and 12 percent next year, Forrester said. Read more...