Numbers Game

Three days in Vegas makes it abundantly clear: Spending big is back in style

May 26, 2007

1 Min Read
Network Computing logo

2:45 PM -- Despite a week spent at Interop in Las Vegas, it's not the odds at the craps tables I'm thinking about. It's these figures that a taxi driver clicked off for me yesterday morning:

  • $1.4 billion: Monthly revenue from the casinos on the Strip.

  • $8 billion: Estimated cost for the City Center project going in next to the Bellagio.

  • $5 billion: What they're spending to revamp the Frontier.

  • $4 billion: What the new Stardust is expected to cost.

Vegas isn't the only place attracting big bucks. If IT were a city, it might look like Vegas (minus the Liberace Museum), and the storage sector might be the Strip. Consider these figures released this week by Info-Tech Research that may have slipped under your radar:

  • $1.033 trillion: Annual U.S. enterprise spending on IT by 2010, "driven largely by storage technology and software," according to Info-Tech.

  • $884 billion: Estimated 2007 U.S. enterprise spending on IT, up 5.84 percent from last year's $840 billion.

  • 5.32 percent: Estimated compounded annual growth rate in spending through 2010.

A trillion here, a trillion there... Pretty soon you're talking a real market.Terry Sweeney, Editor in Chief, Byte and Switch

SUBSCRIBE TO OUR NEWSLETTER
Stay informed! Sign up to get expert advice and insight delivered direct to your inbox
More Insights