Hit by the economic downturn and fluctuating exchange rates, worldwide IT spending is expected to drop 6 percent this year, according to a new Gartner report.
Spending will likely settle in at $3.2 trillion for 2009, compared with $3.4 trillion in 2008. Last year, IT spending had actually surged by 6.2 percent over 2007.
Due to the ongoing recession, the projected 6 percent spending decline is greater than Gartner's original forecast of a 3.8 percent drop, which the firm made in March.
"While the global economic downturn shows signs of easing, this year IT … Read more