The Hindu Business Line : Gartner sees sharper dip in IT spend

Worldwide IT spending is expected to decline by six per cent in 2009, sharper than an earlier forecast of 3.8 per cent largely due to the economic downturn and exchange rate fluctuations, according to a report from research firm Gartner.

Worldwide IT spending is expected to total $3.2 trillion in 2009 against the spending of $3.4 trillion in 2008, the report said. In March this year, Gartner had forecast 2009 IT spending to decline 3.8 per cent.

“While the global economic downturn shows signs of easing, this year IT budgets are still being cut and consumers will need a lot more persuading before they can feel confident enough to loosen their purse strings,” said Mr Richard Gordon, Research Vice-President and head of global forecasting at Gartner, said.

All four major segments of IT — hardware, software, IT services and telecommunications — will experience declining revenue, something that did not happen in the 2001 downturn.

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