Worldwide Spending on IT Expected to Drop 6 Percent
Worldwide Spending on IT Expected to Drop 6 Percent
Posted 07/09/2009 at 6:01am
| by Paul Lilly
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It looks like Intel's Atom platform and the whole netbook craze can only do so much to stave off slumping sales. According to market analysts Gartner Group, worldwide spending on IT is expected to drop 6 percent from 2008 to $3.2 trillion in 2009. While $3.2 trillion might not sound like much to sneeze at, the 6 percent slide is almost twice as much as Gartner predicted during the first quarter.
The biggest casualty in IT spending comes to computing hardware, which is expected to drop by 16 percent. IT services and telecom spending are on track for 5.6 percent and 4.6 percent drops, while Gartner predicts software spending growth to slow by 1.6 percent.
According to Gartner, lingering global IT budget cuts and the rising U.S. dollar are both to blame.
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