Global it spending cuts will accelerate in 2009, with the North American market the most severely impacted, according to Celent. "New investment globally will fall sharply in 2009 and [cuts will] continue until mid-2010, when the market's will begin to recover," David Easthope, senior analyst in the firm's securities and investment practices, said during a webinar at the end of November in which he discussed his recent report on securities and investments IT spending. Technology spending will be slashed "to the bare bones," Easthope asserted, particularly at firms most affected by the credit crisis. Overall capital markets IT spend in North America is expected to decline by 12.4 percent in 2009, to $31.7 billion, Celent predicts.
展开▼
