Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Global Economics

Global IT Spending to Drop 10% in 2009

Revising downward an earlier forecast, Forrester Research now says info tech spending will fall 10% worldwide this year and 8% in Europe

Global spending on IT could drop by 10 per cent this year, according to analysts.

The figure, from Forrester (FORR), is a drastic increase to the researcher's earlier prediction that worldwide IT spending in 2009 would fall by around three per cent year-on-year.

European IT expenditure is set to fall by eight per cent this year, according to Forrester.

The plummeting spend will be felt across all areas of tech, with hardware suffering the most—equipment purchases will be down 13.5 per cent year-on-year—while outsourcing will be comparatively better off with a 8.6 per cent fall.

Andrew Bartels, Forrester Research VP and principal analyst, said the first signs of a market revival will be seen later this year.

"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 realise that they overreacted in the first quarter," he said in a statement.

European and Asian markets will rebound in the first half of next year, Bartels predicted.

Provided by—Driving Business Through Technology

blog comments powered by Disqus