Global IT spending is expected to decline nearly 4% in 2009 over the previous year as industry watchers confirm the current recession will see more losses than the dot-com bust in 2001, Gartner reports.
“The IT market slowdown will be worse than 2001, that downturn was tech-related. Today there is a general slowdown in demand for products and services across the board and IT spending is not immune,” said Richard Gordon, research vice president of global forecasting at Gartner, Tuesday on a conference call announcing the spending forecast.
Gartner reported that global IT spending will reach about $3.2 trillion in 2009, a 3.8% decline in growth from the $3.3 trillion spent in 2008. [via NetworkWorld]
Also on Tuesday, Forrester Research (FORR), a technology and market research company , said it now expects purchases of IT goods and services in the U.S. to fall by 3.1% in FY2009, down from its previous projections calling for growth of 1.6%.