Hardware Vendors Will Feel the Pinch in 2009

Outside of the West, IT spending will be in single digits; not nearly as anemic as in the US, UK, and Europe. The continued erosion of the global economy, including the prospect of negative GDP growth in many major countries, has led IDC to update its forecast for worldwide IT spending in 2009. The IDC…

IT Spending Holding Its Own

Worldwide vertical market IT spending is projected to total $2.7 trillion in 2009, a 0.5% increase from 2008, according to Gartner. Utilities, healthcare and government are expected to be the strongest-growing segments of the market in 2009. “The economic slowdown triggered by the U.S. subprime market crisis, along with fluctuating oil prices and currency exchange…