European Crisis to Hurt IT Spending: Gartner

Gartner analysts trimmed their worldwide IT spending forecast for 2010, saying they now expect spending increases to reach 3.9 percent, not the 5.3 percent predicted earlier this year. The European debt crisis is the primary culprit.

Gartner analysts in a report July 1 said they expect global IT spending in 2010 to hit $3.35 trillion. That would be an increase of 3.9 percent over the $3.25 trillion that was spent in 2009, but a drop from the 5.3 percent growth Gartner had predicted in the first quarter.

Much of that decline is due to the devaluation of the euro vs. the U.S. dollar, according to Gartner.


To read the original eWeek article, click here: European Crisis to Hurt IT Spending: Gartner

CIO Insight Staff
CIO Insight Staff
CIO Insight offers thought leadership and best practices in the IT security and management industry while providing expert recommendations on software solutions for IT leaders. It is the trusted resource for security professionals who need network monitoring technology and solutions to maintain regulatory compliance for their teams and organizations.

Get the Free Newsletter!

Subscribe to Daily Tech Insider for top news, trends, and analysis.

Latest Articles