Analysts disagree on extent of ICT slowdown
telecom | 01/27/2009 6:45 pm EST
IDC Canada, Forrester Research, the Organisation for Economic Co-operation and Development (OECD), and Enterprise Management Associates (EMA) may disagree on the extent of the information and communication technology (ICT) slowdown, but all concur that hardware and semiconductors are getting hit hardest.
For example, IDC believes that ICT vendors will see more than $350 million new annual capital spending in 2009 - 2010, whereas Forrester predicts Canadian ICT spending will be flat or down marginally. Although less optimistic than IDC, Forrester still puts Canada in better shape relative to the global economy, which is expected to see 3% drop in tech spending in 2009. In US dollar terms this represents a projected worldwide decline of $1.66 billion. Meanwhile, the OECD says that
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