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IT spending to slow

By Jim Carbone -- Purchasing, 11/20/2008 1:56:00 PM

Worldwide spending on information technology (IT) will slow significantly in 2009 because of the global financial crisis, according to a revised forecast by researcher IDC.
Worldwide IT spending will grow 2.6% year over year in 2009, down from IDC's pre-crisis forecast of 5.9% growth. In the United States, IT spending growth is expected to be 0.9% in 2009, much lower than the 4.2% growth forecast in August.
On a sector basis, software and services will post solid growth while hardware spending, with the exception of storage, is expected to decline in 2009.
Looking beyond 2009, IDC expects IT spending to make a full recovery by the end of the forecast period with growth rates approaching 6.0% in 2012 when global IT spending will reach $1.69 trillion.
IDC is based in Framingham, Mass.
Also see:

IT Spending to Jump 8% This Year

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