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Businesses looking to buy printers and toner cartridges may be helping to contribute to growth in the IT sector, which is expected to continue this year.

According to a study from Gartner, the overall global market for IT products is set to increase by 7.1 per cent in 2011, with sales of hardware devices predicted to rise by 11.7 per cent.

Research vice-president at Gartner Richard Gordon said this is surprising, as it was expected the earthquake and tsunami that hit Japan earlier this year would have a larger impact on growth than has been the case.

"Despite widespread concerns about disruptions to the supply of critical components in the initial aftermath of the natural disaster, there has not been a dramatic impact on overall IT spending," he noted.

The services sector, which may include offerings such as Managed Print Services, is also set for significant rises and is expected to reach $846 billion (£529.47 billion) this year, Gartner stated.

Recently, it was stated by Finnish research body VTT that European printer manufacturers need to expand their range of support products to compete with firms from Japan.
 

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