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The U.S. IT Recession:
Damage Done and Recovery Characteristics
In today's turbulent economy, businesses and households are economizing by cutting out unnecessary consumption and investment in Information Technology (IT) products and services. As corporate profitability declines, employment plummets, and personal incomes stall, year-over-year growth in total IT spending will plummet from a moderate 4.1% in 2007 to -6.5% in 2009.
The contraction and eventual recovery of IT spending will exhibit different patterns based on hardware, software, or services, as well as the sector and geography where spending occurs.
IHS Global Insight's new study, The U.S. Information Technology Recession: Damage Done and Recovery Characteristics, analyzes and forecasts spending patterns for each IT hardware, software, and services by 50 states and 378 metro areas. Additional breakdowns are provided for over 10 sectors and five business-size categories (1-19, 20-49, 50-99, 100-499, and 500+ employees). The report is accompanied by a database for IT spending containing quarterly historical and forecast data.
IHS Global Insight's study and accompanying data addresses the following key questions:
- How much of product substitutions—such as netbooks for notebooks—will remain permanent, and how will that affect the fundamental structure of the IT industry?
- Why will IT spending in the financial sector be one of the first to recover?
- When will consumer IT spending rebound?
- Will smaller IT budgets fuel increased demand for outsourcing services and cloud computing solutions?
- What is the recession's impact on IT hardware, software, and services spending for the top-10 metropolitan areas?
To access the Table of Contents, click here.
If you would like additional information on how IHS Global Insight can assist your organization, please contact:
Maria L.C. Bertram
Tel: +1 781 301 9438
E-mail: maria.bertram@ihsglobalinsight.com
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