Arabian Business

The analyst company forecasts that IT spending for this year will hit $3.2 trillion, down from $3.4 trillion in 2008. Gartner sees a slowdown in spending on all sectors of technology, with no recovery until global financial markets stabilize.

Richard Gordon, research vice president, and head of global forecasting at Gartner said: “IT organisations worldwide are being asked to trim budgets, and consumers are cutting back on discretionary spending. 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% decline in IT spending in 2001 when the internet investment bubble burst.”

…read this article here…

Gartner sees global slowdown in IT spending
Tagged on:     

Leave a Reply