Published on July 16th, 20090
IT budgets to tighten further?
Money still tight, but IT spending still predicted to top $3 trillion.
The recession has hit IT harder than the last downturn on 2001, with industry analyst Gartner reporting all major segments of IT – hardware, software, IT services and telecommunications – suffering falling revenues in 2009.
Hardest hit has been hardware, spending on which has shrunk by 16.9 per cent, compared to the software segment which has slumped by just 1.6 per cent.
As the effects of the global economic slump continue, Gartner has become more pessimistic in its outlook, revising its predicted rate of decline from 3.8 per cent down to six per cent.
The outlook is not entirely bleak however, with the revised figure still equating to a $3.2 trillion spend on IT this year, and opportunities for investment for those able to plead a strong case.