IT Management Slideshow: Gartner, Forrester Revise IT Spending Forecasts

By Ericka Chickowski  |  Posted 07-09-2009

Gartner, Forrester Revise IT Spending Forecasts

1. Gartner PredictsGartner believes worldwide IT spending will likely total $3.2 trillion, a 6 percent decline from last year.

Gartner, Forrester Revise IT Spending Forecasts

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2. Gartner PredictsGartner had to adjust its prediction from numbers released in March which forecasted a 3.8 percent decline.

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3. Forrester PredictsAccording 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.

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4. Forrester PredictsAnalysts 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.

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5. Gartner PredictsThe market will experience mild recovery next year, with a 2.3 percent gain in spending.

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6. Gartner PredictsComputing hardware spend will suffer the most among four categories listed by the firm, falling 16.3 percent to $317.8 billion.

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7. Forrester PredictsForrester's outlook for computer equipment is slightly less dramatic, with analysts expecting a 13.5 percent decline.

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8. Gartner PredictsGartner analysts believe the IT services market will drop by 8.2 percent.

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9. Forrester PredictsForrester's numbers are nearly on the same track, with forecasted declines of 8.5% in IT consulting and outsourcing services.

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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

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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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