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Two of the biggest analyst firms recently adjusted their IT spending predictions, and though the numbers vary slightly, consensus is that things don’t look great for 2009.
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- 1. Gartner Predicts
Gartner believes worldwide IT spending will likely total $3.2 trillion, a 6 percent decline from last year. - 2. Gartner Predicts
Gartner had to adjust its prediction from numbers released in March which forecasted a 3.8 percent decline. - 3. Forrester Predicts
According to Forrester, global IT spending is due to drop 10.6 percent this year, significantly more than the 3 percent dip initially predicted this year. - 4. Forrester Predicts
Analysts originally believed the US IT spending market would fall by 3 percent. Most recent adjustments to the forecast pegged the decline closer to 5.1 percent. - 5. Gartner Predicts
The market will experience mild recovery next year, with a 2.3 percent gain in spending. - 6. Gartner Predicts
Computing hardware spend will suffer the most among four categories listed by the firm, falling 16.3 percent to $317.8 billion. - 7. Forrester Predicts
Forrester’s outlook for computer equipment is slightly less dramatic, with analysts expecting a 13.5 percent decline. - 8. Gartner Predicts
Gartner analysts believe the IT services market will drop by 8.2 percent. - 9. Forrester Predicts
Forrester’s numbers are nearly on the same track, with forecasted declines of 8.5% in IT consulting and outsourcing services. - 10. Gartner Concludes
"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."
-Richard Gordon, research vice president and head of global forecasting at Gartner - 11. Forrester Concludes
"While Q1 2009 saw a scary drop in purchases in the US tech market, ironically that is good news for the long run and we expect to see a stronger rebound sooner. The big drops are not precursors to further declines; rather, we think they are evidence of a temporary pause in US tech purchases, which we expect to start recovering in Q4 as businesses realize that they overreacted in the first quarter."
-Andrew Bartels, Forrester Research vice president and principal analyst
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IT Management 
