According to Forrester Research, declines in the tech sector will arrest during Q3 2002 and an upturn will begin in 2003. However, double-digit rises will not be visible until 2004 when growth will reach around 12%.
Forrester forecasts that budgets will remain flat in 2002 and, as such, the sector will only experience 2.2% growth next year. During 2003, internet investment will increase, once again boosting the tech market and enabling growth to begin again.