Global IT Spending to Plunge Lower

Sadighi, Lalee
June 2009
Red Herring;6/30/2009, p1
Trade Publication
This article reveals that the outlook for global spending information technology (IT) goods and services is gloomier than previously expected, according to Forrester Research. It notes that IT spending is projected to decline by 10.6% in 2009. A statement issued by the research firm claims that large declines in business technology investment during the first quarter prompted Forrester to revise its IT spending forecasts. 13.5% is the projected drop in computer equipment purchases, while software spending is expected to decline by 8.2%.


Related Articles

  • Stand and Deliver: Structuring an IT Budget with Finance in Mind. Ross, Richard // Business Finance;May2009, Vol. 15 Issue 4, p28 

    The article focuses on structuring the budget for information technology (IT) in finance organizations. It mentions the key points to speed up decision-making on IT cost such as of separating operations and projects, looking at operations as the cost, and looking at the projects as transactions....

  • Budgets Rise as Firms Seek Software to Improve Business. Seewald, Nancy // Chemical Week;3/22/2006, Vol. 168 Issue 10, p39 

    The article presents the outlook for information technology (IT) investments among chemical companies for 2006. Process manufacturers are expected to increase their IT investments to 3.7% of total revenues. Operating costs for running existing hardware and software, and for integrating disparate...

  • Desktops top IT directors' shopping lists. Mohamed, Arif // Computer Weekly;9/28/2004, p4 

    The article reports that hardware upgrades are at the top of the IT spending list for European enterprises in the second half of 2004. According to research by analyst group Forrester, British companies lead Europe in IT services expenditure. Some 75% of the British firms plan to spend more than...

  • Organic IT replaces client/server. Saran, Cliff // Computer Weekly;5/27/2003, p21 

    The client/server model was designed to give users greater flexibility and ease IT management by offering users what the industry said would be a viable alternative to mainframe computing. Most people now agree the client/server approach failed, and Forrester Research Inc. has a new model:...

  • Plug and Play. Pedrotom├ís, Juan // Latin Trade (English);Oct2007, Vol. 15 Issue 10, p34 

    The article presents an outlook for the information technology sector in Latin America. The region's outlook for information technology (IT) spending is optimistic. Spending in hardware and software and technology services represents 3.3 percent of the world's total IT spending. IDC estimates...

  • Online Sales Bigger, More Profitable.  // Business Communications Review;Jul2005, Vol. 35 Issue 7, p6 

    The article mentions that online retail sales continue to rise upwards of 20 percent annually, according to a study conducted by Forrester Research Inc. for Shop.org. The big trend for this year is greater acceptance of online shopping by women, according to the study. As a result, Forrester is...

  • Study: Online retail sales to top $200 billion this year.  // Business Journal (Central New York);5/26/2006, Vol. 20 Issue 21, p2 

    The article cites the ninth annual Shop.org study of 174 retailers conducted by Forrester Research Inc. in the U.S. which found a 20 percent increase in the 2006 online sales including travel. The study also discovered that sales excluding travel will reach to 138 billion U.S. dollars. It also...

  • U.S. IT Spending to Grow 7% Next Year.  // Electronic News;9/6/2004, Vol. 50 Issue 36, pN.PAG 

    Reports on the projected growth of IT spending in the U.S. in 2005, according to a survey from Forrester Research Inc. Average increase in 2005 IT budgets; Percentage of the respondents who expect better performance in 2005; Expected growth in computer software spending.

  • News & Notes for Certified Professionals.  // Certification Magazine;Nov2009, Vol. 11 Issue 11, p3 

    The article offers news briefs related to information technology (IT) in the U.S. CompTIA Inc. has redesigned its web site, with the intention of centralizing all its products and services in one place and expressing its rebranding. GScreen is preparing to release a dual-screen notebook....


Read the Article

Other Topics