Gartner expects global tech spending to decline

March 31, 2009

(AP) -- The research firm Gartner says global spending on technology products and services will likely decline nearly 4 percent this year. The weak economy is to blame.

Gartner said Tuesday it expects a broad-based , leading to a 3.8 percent decline from 2008, to $3.2 trillion.

Hardware will see the sharpest drop - nearly 15 percent after a 2.8 percent increase last year. on software, which can help companies save , is expected to stay nearly flat.

Gartner calls its forecast bleak, and says government packages won't be enough to offset things soon.

The latest forecast would be worse than the 2.1 percent decline in spending that the tech industry saw in 2001, after the dot-com bust.

©2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Explore further: Economists: Tough economic sledding will get smoother by year's end

Related Stories

German high-tech sector holds up: trade group

March 2, 2009

Germany's high-tech industry expects to buck the economic crisis this year with sales stagnating but not sinking, its chief lobby group said on Monday on the eve of the giant CeBIT trade fair.

Record 12 pct drop for PC sales in 2009: Gartner

March 2, 2009

Sales of personal computers are expected to decline by 11.9 percent to 257 million units in 2009, the steepest drop in the industry's history, market research firm Gartner said Monday.

Semiconductor sales down 28.6 pct in January: SIA

March 2, 2009

Worldwide semiconductor sales declined 28.6 percent in January from a year ago as the global recession continued to take a big bite out of the computer chip industry, an industry tracker said Monday.

Mobile phone sales up six pct in 2008, 4th qtr weak

March 3, 2009

Mobile phone sales grew by six percent in 2008 over the previous year but fell nearly five percent in the fourth quarter as the global economy weakened, market research firm Gartner said on Tuesday.

Business software market likely to stay flat this year

March 30, 2009

Research firm Gartner Inc. said Monday the market for software sold to businesses is likely to grow only 0.3 percent this year compared to 2008, a downward revision from the firm's previous forecast of 6.6 percent growth.

Recommended for you

Magnetic fields provide a new way to communicate wirelessly

September 1, 2015

Electrical engineers at the University of California, San Diego demonstrated a new wireless communication technique that works by sending magnetic signals through the human body. The new technology could offer a lower power ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.