Companies expected to spend less on IT in 2009

Companies are expected to spend less on information technology as they seek to cut costs amid the global economic slowdown.

IT consultancy group Gartner has lowered its forecast for growth in global IT spending from 5.8 per cent to as low as 2.3 per cent next year.

This is 5 percentage points lower than the growth forecast for this year.

However, IT spending is expected to pick up again in 2010, with Gartner forecasting global growth at 5.6 per cent.

Gartner recommends technologies such as virtualisation, which allow firms to combine different resources on to a single platform.

IT spending in the Asia Pacific region is expected to see one of the highest growth rates globally.

Gartner said emerging giants like China will remain a key investment location for many vendors.

But countries such as Vietnam, Pakistan, Indonesia and the Philippines are also expected to ramp up their IT capabilities in the next few years.

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