Well…kinda.  This story from MarketWatch about a recent Gartner survey highlights an anticipated increase in spend over the next three years.  The anticipated 8% spending increase is almost cut in half when allowing for a declining US Dollar (although the dollar has gained in recent weeks).  Let's leave that to the economists and take this as an indication that folks will continue to spend money on IT going forward.

Gartner analyst Jim Tully points to several things driving spending growth including technology shifts:

Among those shifts are movements toward software being sold on a per-use, service-based model, and toward "cloud computing," in which information is stored on a server and any changes to that information are automatically made to devices that are linked into the cloud.