SHARE
Facebook X Pinterest WhatsApp

IDC Predicts Less IT Spending in `08

Global IT spending will decrease in the next 12 months as companies begin to feel the pinch of a slowing U.S. economy, according to new research from IDC. In a Feb. 11 report, the research firm found global IT spending will increase about 5 percent in 2008 and total about $1.38 trillion for the year. […]

Written By
thumbnail Scott Ferguson
Scott Ferguson
Feb 11, 2008
Channel Insider content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More

Global IT spending will decrease in the next 12 months as companies begin to feel the pinch of a slowing U.S. economy, according to new research from IDC.

In a Feb. 11 report, the research firm found global IT spending will increase about 5 percent in 2008 and total about $1.38 trillion for the year. Last year, worldwide IT spending increased about 6 percent and totaled about $1.3 trillion.

Within the U.S. market, spending for IT is expected to grow only 4 percent in 2008 after increasing 6 percent in 2007. IDC analysts found that a downward turn in the U.S. market, especially if the economy falls into a recession, will have a wide-reaching impact worldwide.

Read the full story at eWEEK.

Recommended for you...

Manny Rivelo on Evolving Channel & How MSPs Can Get Ahead
Victoria Durgin
Aug 20, 2025
Databricks Raises at $100B+ Valuation on AI Momentum
Allison Francis
Aug 20, 2025
Keepit Achieves SOC 2 Type 1 & Canadian Ingram Micro Deal
Jordan Smith
Aug 20, 2025
AI Customer Service Fails to Satisfy Consumer Needs: Verizon
Franklin Okeke
Aug 19, 2025
Channel Insider Logo

Channel Insider combines news and technology recommendations to keep channel partners, value-added resellers, IT solution providers, MSPs, and SaaS providers informed on the changing IT landscape. These resources provide product comparisons, in-depth analysis of vendors, and interviews with subject matter experts to provide vendors with critical information for their operations.

Property of TechnologyAdvice. © 2025 TechnologyAdvice. All Rights Reserved

Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.