Businesses To Spend Less on Technology

As the global recession deepens, businesses will cut their IT investments in 2009.

Businesses are expected to spend less on technology goods and services this year as a result of the global recession, according to a recent report.Inc.com - The Daily Resource for Entrepreneurs

Forrester Research, a Cambridge, Mass.-based independent research firm, released a report predicting that IT spending would drop three percent in 2009, a year after the industry experienced eight percent growth worldwide.

The report expects the biggest decreases to come from companies cutting back on computer equipment like servers and storage devices, as well as services like IT consulting. Read full story:

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