Worldwide IT spending to fall 6% in 2009

Gartner has revised down since last quarter its estimates for worldwide IT spending in 2009, which it now expects to slide by 6%. Decline more severe than forecast just 3 months ago. In March of this year, Gartner had forecast 2009 worldwide IT spending would decline by no more than 3.8%. Today the market-watchers have said spending will be running at levels which should tally $3.2 trillion by year end, down on last year’s numbers of $3.4 trillion. Continued weak IT spending because of the economic situation combined with the effect of exchange rate movements are to blame.  Hardware will experience the steepest decline in 2009, with spending projected to decline by 16.3%, software will drop 1.6%, and services will fall by 5.6% the analyst house has predicted.

So do you feel sorry for the poor IT vendors struggling to make ends meet? Or are you making the most of these tougher times and negotiating hard with cash-starved IT salesmen desperate to win any business at any cost? “Now is the time to bag yourself a bargain” according to Mark Bartrick, Managing Director of Silver Bullet Associates.

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