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Weakening economies will push spending on IT products and services down 3% this year after seven years of growth, according to Forrester Research. The technology research firm says that recessions in the US and other countries would be the main driver for slower spending and that currency fluctuations will be a secondary factor.

While the research indicated a 3% growth rate for 2009 based on a weighted average of local currencies, Forrester said that in US dollar terms the global market would fall 3% to $1.66 billion, after rising 8% in 2008.

IT spending will set to be challenging for the time being, what we’ll see is a switch from investment to more support and ‘keeping everything working’, at the same time though, we’ve got the challenges associated with needing to deploy more within the same data center or operating conditions, with that in mind I suspect that investment long term will continue.

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