Analyst, Datamonitor say that half of all organisations will freeze their IT budget next year. The survey was carried out against 8,130 IT decision-makers at organisations worldwide.
The report revealed that many organisations are looking to cut back on IT expenditure in 2009. The only exception is the healthcare sector which is planning to increase its spending on IT in 2009.
The report has pointed out that this is not solely down to the economic downturn and has been apparent that this would happen for the past couple of years. Organisations are changing there approach and are becoming far more wary of the global economy and considering this a great deal more when deciding on whether to invest in IT.
More than 50% of the respondents said they expect to keep their IT budgets the same in 2009, with 13% of respondents suggesting that they would see a cut in there IT expenditure in 2009. 37% of respondents suggested that they would still anticipate having their IT budgets increased in 2009.
Retail and manufacturing industries are being hit the hardest because of increased interest rates and a fall in consumer demand as people look to make savings wherever possible. The healthcare industry is looking at increasing expenditure with 57% of respondents suggesting that there budgets would rise in the next year.
The report revealed that many organisations are looking to cut back on IT expenditure in 2009. The only exception is the healthcare sector which is planning to increase its spending on IT in 2009.
The report has pointed out that this is not solely down to the economic downturn and has been apparent that this would happen for the past couple of years. Organisations are changing there approach and are becoming far more wary of the global economy and considering this a great deal more when deciding on whether to invest in IT.
More than 50% of the respondents said they expect to keep their IT budgets the same in 2009, with 13% of respondents suggesting that they would see a cut in there IT expenditure in 2009. 37% of respondents suggested that they would still anticipate having their IT budgets increased in 2009.
Retail and manufacturing industries are being hit the hardest because of increased interest rates and a fall in consumer demand as people look to make savings wherever possible. The healthcare industry is looking at increasing expenditure with 57% of respondents suggesting that there budgets would rise in the next year.
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