Thursday, November 20, 2008

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IDC lowers forecasts for IT market in EMEA

IDC expects the economy in Europe, Middle East and Africa (EMEA) 2009 now almost three percent growth of the IT market. That is 1.5 percent less than last forecast (before the financial crisis). It is forecast to decline in Western Europe IT spending to only 1.2 percent while reflecting a marked decline in investments and a decline in gross domestic product and the regions in Central and Eastern Europe and Middle East / Africa are likely to continue but very healthy growth (9.4 respectively 8.5 per cent) have. likely to be affected mainly the (discretionary) spending on hardware

from the new regulation, estimates IDC. PC replacement cycles would be moved, and the demand for servers and storage to decline in view of suspended or canceled projects together. For spending on software, is the growth almost halved to 4.1 percent. Investment in upgrades of business software would be postponed, especially in infrastructure. The market for IT services will feel the recession because of declining demand for project-based services, could also the pressure rise, renegotiating existing outsourcing contracts, according to the forecast, the market researcher.

Source: Computerworld.ch

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