SHARE
Facebook X Pinterest WhatsApp

Vertical IT Down But Not Out

Vertical IT Down But Not Out Vertical IT down but not outBy Steve Wexler No Title Gartner has released new data on what’s happening globally in the vertical IT markets.Sales will be down in 2009 but they are predicting growth in 2010. Channel Insider takes a closer look at what’s hot and what’s not. IT […]

Written By
thumbnail Steve Wexler
Steve Wexler
Nov 10, 2009
Channel Insider content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More

1Vertical IT Down But Not Out

Vertical IT down but not outBy Steve Wexler

2No Title

Gartner has released new data on what’s happening globally in the vertical IT markets.Sales will be down in 2009 but they are predicting growth in 2010. Channel Insider takes a closer look at what’s hot and what’s not.

3IT sales to hit $2.28 trillion

Industry vertical market IT spending will be down 6.8 percent from 2008.

4Market growth to return in 2010

Spending will grow 2.3 percent to $2.34 trillion next year.

5Financial services to drop

Representing the largest vertical segment, financial services will fall 8.3 percent, to lead with $502.6 billion in 2009.

6The biggest decline

Agriculture, mining and construction market will experience the steepest decline, 9.2 percent, to $25.4 billion.

7Government shows slowest fall

National and international government industry, the third largest segment at $239.4 billion, will show the slowest decline, decreasing 3.6 percent.

8Communications comes in fourth

Expected to drop 6.1 percent to $201.8 billion in 2009, communications is the fourth largest segment.

9Manufacturing takes heavy hit

Rounding out the top five, discrete manufacturing, the second largest segment, will also show the second biggest drop, down 8.5 percent to $269.6 billion.

Recommended for you...

Caylent Research on Database Migrations: What to Know
Victoria Durgin
Aug 28, 2025
Exterro Debuts Agentic AI Tools for Data Risk and E-Discovery 
Jordan Smith
Aug 26, 2025
Multi-OEM Strategies & More Key to Infrastructure in AI Era
Victoria Durgin
Aug 26, 2025
Kendra Krause on New Role at ThreatDown & Channel Goals
Victoria Durgin
Aug 25, 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.