Prep for recession's end now, Gartner tells tech companies

03.06.2009

The global recession has hit the IT industry hard, as Gartner projected earlier this year that it would result in more losses than during the 2001 dot-com implosion. The firm projects that global IT spending will total $3.2 trillion in 2009, a decline of roughly 4% from the $3.3 trillion spent on IT in 2008. Hardware will be the hardest hit and will experience a 15% decline in spending this year, Gartner says.