Storm Warning: Impact of the Financial Crisis on IT Spending

Since the meltdown of financial systems and stock markets gathered pace in September, economists have drastically reduced their expectations for underlying GDP growth in 2009. With all sectors of the global economy under increasing pressure, consumers and businesses are suddenly paralyzed by the gathering clouds of fear, uncertainty, and doubt. What can we now expect for IT investment levels in the next 12 months and beyond?

In this special telebriefing, IDC will present its new and updated five-year forecast for IT and telecom spending, alongside the results of a global business and consumer survey carried out in October. Questions to be answered will include:

• What is the direct impact of the financial crisis on short-term IT and telecom spending?
• Which geographies, vertical industries, and IT product/service sectors are most at risk?
• Which vendors are likely to be the most affected?
• What areas of IT budgets are likely to feel the first wave of investment cutbacks in the next three months?
• What strategies should IT vendors employ in order to survive the current crisis?

Speakers:

• John Gantz, Chief Research Officer
• Stephen Minton, Vice President, Worldwide IT Markets
• Anna Toncheva, Economist, Worldwide IT Markets

Audio replays of this telebriefing are available to all registered participants starting the day after the event.

If you do not subscribe to IDC's services and would like to participate, please contact [email protected]