Global IT spending to decline 6 p.c. in 09: Gartner

MUMBAI, INDIA: IT research and advisory firm Gartner, Inc said the global spending on information technology will fall 6 per cent in 2009, which is higher than its earlier forecast.

Worldwide IT spending is on pace to total $3.2 trillion in 2009, a 6 per cent decline from 2008 spending of $3.4 trillion, the Garter report said on Tuesday. In March of this year, Gartner had forecast 2009 IT spending to decline 3.8 per cent.

Continued weak IT spending because of the economic situation combined with the effect of exchange rate movements has resulted in Gartner lowering its 2009 forecast from its 1Q 09 projection, said a press release.

"While the global economic downturn shows signs of easing, this year IT budgets are still being cut and consumers will need a lot more persuading before they can feel confident enough to loosen their purse strings," said Richard Gordon, research vice president and head of global forecasting at Gartner.

He added that the forecast decline in spending growth for the hardware and software segments in 2009 has almost stabilized, and only minor downward revisions have been made to these forecasts this quarter.

All four major segments of IT - hardware, software, IT services and telecommunications would experience declining revenue, something that did not happen in the 2001 downturn.

The computing hardware segment would experience the steepest decline in 2009, with spending projected to decline 16.3 per cent while the software segment would show the slightest decrease in 2009, with spending forecast to drop 1.6 per cent, the release added.

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