According to Gartner, global economic problems are also effecting IT industry as the IT industry does not see it as dramatic reductions that were seen during the dot.com burts.
According to the research, IT spending increase of 2.3% of 2009 down from our earlier projection of 5.8 percent. According to Peter Sondergaard, senior vice president at Gartner and global head of research, developed economies like the United States and Western Europe, will be the worst affected, but emerging regions will not be immune. Europe will experience negative growth in 2009, the United States and Japan will be flat. According to Gartner some other reasons that IT will not see more severe reductions include:
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IT is embedded in running all aspects of the business
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The shift to multi-year IT programs aligned with business, and they are difficult to cut immediately
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IT spending decreases lag the economy by at least two quarters
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