Gartner: IT budgets could grow 2.3 percent in 2009

Following the recent events on the financial markets and the world economy in general, Gartner has revised its 2009 IT budget prognostications. The fact that the numbers are lower isn’t surprising, but the firm’s projections could be a lot worse.

“In a worst-case scenario, our research indicates an IT spending increase of 2.3 percent in 2009, down from our earlier projection of 5.8 percent,” Peter Sondergaard, Gartner’s global head of research, said during this week’s Gartner Symposium/ITxpo in Orlando, Fla.

According to Gartner, information technology execs are most suited for this upheaval because they have gone through difficult times in 2001 to 2003.

Sondergaard thinks that that IT has options. Sure, it would be silly to think that budgets written two weeks ago are going to stick. As for overall technology spending, financial services customers, the public sector, retail and manufacturing are all likely to curb spending.

However, Sondergaard said budgets aren’t likely to totally collapse. “IT is embedded in your business now. You can’t invoice somebody without IT,” he said. Sondergaard also noted that Western Europe has the worst IT spending outlook, but Asia Pacific will still grow at a healthy clip. IT Spending in North America will likely remain unchanged.

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