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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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