Forecast Report

US IT Market Outlook: Q1 2008

A Bigger Slowdown In Tech Purchases In 2008 But A Strong Recovery In 2009

March 31st, 2008
With contributors:
Heidi Shey , Ellen Daley

Summary

The US market for technology goods and services will experience a significant slowdown in growth in 2008, to less than 3% from 6% in 2007. This lower growth rate reflects the deterioration in the US economic outlook. On a positive note, the US tech market will still grow despite a likely recession in 2008, and it is poised for much stronger growth, assuming that any US recession is shallow and short.

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