Analysts: IT spending to drop in the wake of market turmoil
TowerGroup managing director Rob Hegarty estimates that IT spending on the sell side will decline by 14-16% from 2008 to 2009, but he expects buy-side IT spending to decline by only 3-4% in the same time period.
"The decline is much less sharp than that on the sell side because the buy side hasn't had the large-scale casualties of the sell side," says Hegarty. "Also the buy side continues to invest selectively in areas that were once handled by the sell side."
He adds that despite the market
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com