Bottom Line Summary
With markets shrinking and companies facing budget cutbacks, the information technology sector is experiencing a shift in its market dynamics. Below are some highlights.
While spending is down, there are still opportunities for growth in some industries and categories. Suppliers that are nimble enough to react to industry shifts can gain significant long-term market traction.
Services are the first to ramp up and ramp down in terms of spending in response to financial necessity, with this flexibility a key component of growth. Companies can curb services spending far easier in difficult times, as illustrated by the growing traction of cloud computing in turbulent times.
Cuts in consulting and professional services are broad and deep with 56 percent of respondents indicating ...
