Global IT Market Outlook: 2009
The Global Recessions Will Slow IT Purchases Growth To A Crawl
January 12, 2009
Why Read This Report
Global purchases of IT goods and services — or from the other perspective IT vendors' revenues — will equal $1.66 trillion in 2009, declining by 3% after an 8% rise in 2008. A declining US dollar boosted 2008 growth rates, but a stronger dollar will hurt growth measured in dollars in 2009. Growth in a weighted average of local currencies will be 3%. IT purchases will recover in 2010, growing by 9% in US dollars and 6% in local currencies. Recessions in the US and many industrial countries will be the main cause of a 2009 slump, with currency fluctuations a secondary factor. Western and Central Europe and Canada and Latin America will have the weakest growth, at 1.3% and 1.2%, respectively, in local currencies. The US tech market will do a bit better, with 1.6% growth. Asia Pacific and the oil-exporting area of Eastern Europe, the Middle East, and Africa will do the best, but growth there will still be weak, at 3.1% and 5.4%, respectively. Software purchases will do a bit better than other categories, but all vendors will face a tough time until late 2009 or early 2010.
Already a Client?
Log in to read this document.
Become a Forrester Client
Timely and relevant, Forrester's RoleView research aligns to 13 leadership roles across business and technology management. Our expertise in customer experience, mobile, digital business, and big data will help your teams win in the age of the customer. Contact us to learn more.
This report is available for individual purchase ($499 USD).Purchase
Table of Contents
- Global IT Purchases In US Dollars Will Decline By 3% In 2009
- 2009 To 2010 Regional IT Market Review: Where The Pockets Of Growth Will Be
- The US Share Of Global IT Purchases Will Stabilize At 34%
- Vendors: Buckle Your Seatbelts, The Ride Will Be Bumpy For A While
- If The Global Recession Is Long And Deep, 2009 IT Purchases Will Fall More
- Supplemental Material
- Related Research Documents