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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.

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