Software holds up in Gartner Forecasts
The unprecedented decline of the global economy is impacting the IT industry with worldwide IT spending forecast to total $3.2 trillion in 2009, a 3.8 per cent decline from 2008 revenue of nearly $3.4 trillion, according to Gartner, Inc.
“IT organisations worldwide are being asked to trim budgets, and
consumers are cutting back on discretionary spending,” said Richard
Gordon, research vice president, and head of global forecasting at
Gartner. “The speed and severity of the response by businesses and
consumers alike to these economic circumstances will result in an IT
market slowdown in 2009 that will be worse than the 2.1 per cent
decline in IT spending in 2001 when the internet investment bubble
burst.”
In a broad-based slowdown, the forecasts for all four of the key market
sectors of hardware, software, IT services and telecommunications have
been revised downward, with only software spending growth remaining
positive.
Read on at Gartner