IT budgets will only rise by a weighted global average of 1.3 percent in nominal terms in 2010, compared with 2009 levels where IT budgets declined 8.1 percent, said Gartner following the release of results from the 2010 CIO survey by Gartner Executive Programs (EXP).
Companies trying to cut IT budgets are laying off staff and reducing compensation and benefits for remaining employees, new survey results show.
A new report by Gartner showing that software spending will increase worldwide next year indicates there may be truth to the general belief that the technology market has hit bottom.
The Cloud is nothing new.
