View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
April 1, 2009

Global IT spending decline near to 4% in 09

Gartner pegs annual forecast at $3.2 trillion

By CBR Staff Writer

Recessionary down-turn, the impact of reduced new sales and a growing trend among consumers and businesses to switch to lower-cost products are all taking their toll on worldwide IT spending, which Gartner has forecast will fall to $3.2 trillion in 2009.

“Unprecedented decline of the global economy is impacting the IT industry” the analysts said, announcing its latest report on worldwide IT spending forecasts, which reveal a 3.8% fall this year from 2008 revenue of nearly $3.4 trillion.

Dollar-valued global IT spending is estimated to drop 3.76% in 2009 and 2.43% in 2010. 

Global IT spending will average 2.79% annual growth from 2008 through 2013, it has estimated.

Content from our partners
Technology and innovation can drive post-pandemic recovery for logistics sector
How to engage in SAP monitoring effectively in an era of volatility
How to turn the evidence hackers leave behind against them

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU