US IT Spending: Down, Not Out
Given the seemingly unceasing tide of bad economic news, Forrester’s recent projections for the information technology (IT) market have to count as good tidings. Forrester is projecting business and government IT spending to grow by 1.9 percent in 2009. This is a big drop from 2008’s growth rate of 4.8 percent, but it’s still an (albeit small) increase. Forrester also projects a two percent rise in 2009 software sales, and little or no growth in computer equipment and IT services sales. This slowing performance is worrisome, but it is still strong when compared to the major downturns that occurred in the aftermath of the dot-com bust in 2001 and 2002 when the IT market absorbed declines of 15 to 20 percent.
Access a summary of the December 9, 2008 Forrester Research report, “US IT Market Outlook, Q4 2008,” by Andrew Bartels.
The full report is available for purchase.